Tinubu signs ₦68.32tn 2026 budget, extends 2025 appropriation implementation to June

President Bola Tinubu has assented to the 2026 Appropriation Bill, approving a total expenditure of ₦68.32 trillion, while also extending the implementation of the 2025 budget to June 30, 2026.

The development was disclosed in a State House press release issued on Friday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

The newly signed budget outlines a spending framework aimed at sustaining economic reforms and accelerating development priorities. Of the ₦68.32 trillion total:

₦4.799 trillion is allocated for statutory transfers

₦15.8 trillion is earmarked for debt servicing

₦15.4 trillion will go to recurrent (non-debt) expenditure

₦32.2 trillion is set aside for capital expenditure through the Development Fund

Capital spending accounts for roughly 50 per cent of the total budget, a move the government says reflects its commitment to infrastructure development, economic stability, and inclusive growth.

According to the presidency, the allocation structure seeks to strike a balance between statutory obligations, debt commitments, and investments critical to boosting productivity and improving living standards.

In a related move, President Tinubu also signed the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, extending the implementation of the capital component of the 2025 budget from March 31 to June 30, 2026.

The extension is designed to allow Ministries, Departments, and Agencies (MDAs) to complete ongoing projects, particularly those at advanced stages. It is also expected to improve project delivery timelines and ensure better utilisation of public funds.

Officials said the additional time would help consolidate infrastructure works across the country and maximise value for government spending.

With the 2026 Appropriation Act taking effect from April 1, the Federal Government is set to commence full implementation in line with the administration’s policy agenda.

President Tinubu directed MDAs to prioritise discipline, transparency, and efficiency in the use of allocated funds, stressing the importance of value for money and timely execution of projects.

The President also commended the National Assembly of Nigeria for its “diligence, cooperation, and patriotism” in the timely consideration and passage of the budget.

He emphasised the need for sustained collaboration between the executive and legislative arms of government to advance national development goals.

Reaffirming his administration’s fiscal direction, Tinubu assured Nigerians of continued efforts to deepen reforms, boost revenue generation, and prioritise investments that stimulate economic growth.

He added that the government would focus on job creation and strengthening social protection programmes as part of broader efforts to cushion the impact of economic policies and improve citizens’ welfare.