BREAKING: Tinubu Signs N68.32tn 2026 Budget Into Law

President Bola Tinubu on Friday signed the N68.32tn 2026 Appropriation Bill into law.

Tinubu also signed another bill extending the deadline for spending the capital component of the 2025 budget from March 31 to June 30, 2026 to allow agencies complete projects already in advanced stages.

The 2026 budget allocates N32.2tn to the development fund for capital expenditure, N15.4tn to recurrent expenditure, N15.8tn to debt service, and N4.799 trillion to statutory transfers.

President Tinubu directed ministers and agency heads to ensure “disciplined, transparent, and efficient utilisation of allocated resources,” with a focus on timely project delivery.

He commended the National Assembly for swiftly passing the appropriation bill, and said his administration would continue to pursue fiscal reforms aimed at boosting revenue and expanding social protection.

The 2026 budget took effect on April 1.

In the bill passed by the National Assembly, the health sector will receive N482.758bn, while the Ministry of Finance Incorporated (MoFI) was allocated N478.600bn.

Total judicial funding was put at M268bn, with provisions of N36bn for the Supreme Court to enhance the administration of justice.

To transform inland logistics, N8.960bn was approved for feasibility studies on the Calabar Maiduguri and Maiduguri–Sokoto road corridors.

The budget also allocates N5.71tn for regularisation of capital obligations carried over from 2025 to ensure contractors and developers are paid for completed works.

Announcing the signing, presidential spokesman, Bayo Onanuga, said: “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.

“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.”

Onanuga added that the signing of the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026 “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.

“With the 2026 Appropriation Act coming into force on April 1, the Federal Government will commence full implementation in line with the Renewed Hope Agenda.

The government assured Nigerians of its resolve to deepen fiscal reforms, enhance revenue generation, and prioritise investments that will stimulate economic growth, create jobs, and strengthen social protection mechanisms.