Bola Ahmed Tinubu has signed the 2026 Appropriation Bill into law, approving a total expenditure of ₦68.32 trillion aimed at stabilising Nigeria’s economy.
The President also signed an amendment extending the implementation period of the 2025 budget from March 31, 2026, to June 30, 2026, to allow more time for ongoing projects to be completed.
The 2026 budget includes ₦15.8 trillion for debt servicing and ₦4.799 trillion for statutory transfers. It also allocates ₦32.2 trillion to the Development Fund for capital projects and ₦15.4 trillion for recurrent expenses.
The budget places strong emphasis on infrastructure development, economic growth, national security and improving living standards, with capital expenditure taking up more than half of the total spending.
The extension of the 2025 budget is expected to ensure full use of allocated funds, especially for key infrastructure and development projects that are close to completion.
It will also help Ministries, Departments and Agencies (MDAs) improve project execution, maximise public spending, and ensure better delivery of ongoing projects.
With the new budget taking effect from April 1, the federal government is set to begin full implementation in line with its Renewed Hope Agenda.
President Tinubu directed all MDAs to ensure disciplined, transparent and efficient use of funds, stressing the need for value for money and timely project delivery.
He also commended the National Assembly of Nigeria for their cooperation and quick passage of the budget.
The President further assured Nigerians that his administration will continue to prioritise investments that drive economic growth, create jobs, strengthen social support systems, and improve revenue generation.
