Tinubu Signs ₦68.32 Trillion 2026 Appropriation Bill

On Friday, President Bola Ahmed Tinubu signed the 2026 Appropriation Bill into law, which outlines an aggregate expenditure of ₦68.32 trillion. This bill extends the implementation period of the 2025 budget to March 31, 2026, and June 30, 2026.

The budget allocates ₦4.799 trillion for statutory transfers, ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent expenditure, and ₦32.2 trillion for capital expenditure. The administration underscores its commitment to economic stability, national security, and infrastructure development, with allocations reflecting strategic balance among statutory obligations, debt servicing, recurrent expenditure, and capital investments.

The 2026 Appropriation Act will take effect on April 1, and the Federal Government will commence full implementation aligned with the Renewed Hope Agenda. President Tinubu directed ministries, departments, and agencies to ensure disciplined, transparent, and efficient use of allocated resources, emphasizing value for money and timely project delivery.

The administration aims to deepen fiscal reform and enhance revenue generation to stimulate economic growth and create jobs.