President Bola Ahmed Tinubu has officially signed the 2026 Appropriation Bill, authorizing a total expenditure of N68.32 trillion.
The President also approved an extension for the 2025 budget implementation, moving the deadline from March to June 30, 2026.
This update was confirmed on Friday in a statement by Bayo Onanuga, the Special Adviser on Information and Strategy.
The new fiscal plan allocates N4.799 trillion for statutory transfers and sets aside N15.8 trillion for debt servicing.
Recurrent expenditure is pegged at N15.4 trillion, while N32.2 trillion is dedicated to the Development Fund for capital projects.
With capital spending taking up nearly 50 percent of the total, the budget prioritizes infrastructure and national security.
The administration aims to use these funds to drive economic stability and improve the general quality of life for Nigerians.
Extending the 2025 budget window ensures that ongoing critical projects across the country reach completion without funding gaps.
This three-month extension will allow various ministries and agencies to maximize value for previous public investments.
Full implementation of the 2026 Act began on April 1, aligning with the government’s “Renewed Hope” development agenda.
President Tinubu urged all government bodies to ensure transparency and efficiency in delivering these projects on schedule.
