President Bola Tinubu has signed the N68.32 trillion 2026 appropriation bill into law.
The announcement was made on Friday by his Special Adviser on Information and Strategy, Bayo Onanuga.
The budget was passed by the National Assembly on March 31 following Tinubu’s request for an upward review.
The president had initially presented N58.47 trillion in December 2025 before seeking an increase of N9.81 trillion.
According to Onanuga, the budget includes N4.79 trillion for statutory transfers, N15.8 trillion for debt servicing, N15.4 trillion for recurrent expenditure, and N32.2 trillion allocated to capital expenditure through the development fund.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth,” he said.
“The allocations reflect a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians.”
The president also approved an extension of the 2025 budget implementation timeline from March 31 to June 30.
“Additionally, the President has assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the implementation period of the capital component of the 2025 Appropriation Act from March 31, 2026, to June 30, 2026,” Onanuga said.
He noted that the extension would allow Ministries, Departments, and Agencies (MDAs) to complete ongoing projects and ensure optimal use of allocated funds.
Onanuga added that the 2026 budget took effect from April 1, with full implementation aligned with the administration’s Renewed Hope Agenda.
Tinubu also directed MDAs to ensure transparency, discipline, and efficiency in the use of public funds, with emphasis on value for money and timely project execution.
He further reaffirmed the importance of collaboration between the executive and legislative arms of government in achieving national development goals, while pledging to deepen fiscal reforms, boost revenue generation, and prioritise investments that drive economic growth, job creation, and social protection.
