Abuja, April 17, 2026 – President Bola Tinubu has signed the ₦68.32 trillion 2026 Federal Appropriation Bill into law.
He also signed another bill extending the implementation of the 2025 budget from March 31 to June 30, 2026
The Presidency disclosed this on Friday in a statement signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy.
The budget earmarked ₦15.4 trillion for recurrent expenditure, while ₦32.2 trillion is set aside for capital expenditure as Development Fund.
The sum of ₦4.799 trillion is earmarked for statutory transfers, while ₦15.8 trillion is for debt service.
The budget, which will be implemented in line with the Renewed Hope Agenda, is to take effect on April 1, 2026.
The budget provides for an aggregate expenditure of ₦68.32 trillion.
With the 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.
According to the presidency, 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.
Tinubu also assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 Appropriation Act by three months to June 30.
The presidency said the extension would ensure the full utilisation of appropriated funds, particularly for critical infrastructure projects at advanced stages of implementation.
“The extension will ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation across the country.
“It will enable Ministries, Departments, and Agencies (MDAs) to consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure,” the statement read.
Tinubu directed MDAs to ensure disciplined, transparent, and efficient utilisation of allocated resources, with strong emphasis on value for money and timely project delivery.
He commended the leadership and members of the National Assembly for their diligence, cooperation, and patriotism in expeditiously considering and passing the budget.
