President Bola Ahmed Tinubu has signed into law a ₦68.32 trillion budget for 2026, setting the tone for what the administration describes as a consolidation phase for its economic reforms.
Alongside the appropriation, the President approved an extension of the 2025 budget’s capital component to June 30, 2026—pushing back the earlier March deadline to allow critical projects nearing completion to run their course.
Details released by presidential spokesman Bayo Onanuga show a spending plan weighted toward investment, with ₦32.2 trillion—almost half of the total—dedicated to capital expenditure. Statutory transfers account for ₦4.799 trillion, debt servicing ₦15.8 trillion, and recurrent spending ₦15.4 trillion.
The structure of the budget signals a balancing act: meeting fiscal obligations while sustaining growth through infrastructure, security, and social investments.
The presidency said the extension of the 2025 budget is designed to prevent disruptions in project execution and improve value for money, particularly for large-scale developments already at advanced stages.
Tinubu has directed Ministries, Departments and Agencies to prioritise efficiency, transparency, and strict adherence to timelines, reinforcing a shift toward tighter budget discipline.
Originally presented at ₦58.47 trillion, the budget was increased during legislative review, reflecting expanded fiscal projections and spending priorities.
Sectoral allocations underline the government’s focus areas, with ₦5.41 trillion earmarked for defence and security, ₦3.56 trillion for infrastructure, ₦3.52 trillion for education, and ₦2.48 trillion for health.
Framed as the “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” the plan is positioned as a bridge between ongoing reforms and long-term economic stability.
The administration says it will continue to push fiscal reforms, strengthen revenue generation, and channel investments into sectors expected to drive job creation and inclusive growth.
Tinubu Signs ₦68.32trn 2026 Budget, Extends 2025 Spending Window
