Tinubu Signs ₦68.32 Trillion 2026 Budget into Law, Extends 2025 Capital Spending

President Bola Tinubu has signed Nigeria’s 2026 Appropriation Bill into law, approving a total expenditure of ₦68.32 trillion for the fiscal year.

The budget signing, confirmed on Friday in Abuja through a statement by presidential spokesperson Bayo Onanuga, also includes an extension of the implementation period for the 2025 capital budget from March 31 to June 30, 2026.

Under the 2026 budget framework, ₦4.799 trillion is allocated to statutory transfers, while ₦15.8 trillion is earmarked for debt servicing. Recurrent expenditure stands at ₦15.4 trillion, with ₦32.2 trillion dedicated to capital projects through the Development Fund.

According to the Presidency, the structure reflects a continued emphasis on infrastructure, productivity, and economic growth, with capital spending accounting for nearly half of total expenditure.

Onanuga said the fiscal plan demonstrates the administration’s focus on economic stability, national security, and inclusive development, while balancing statutory obligations, debt commitments, and investment priorities.

Tinubu also signed the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, extending the lifespan of the 2025 capital vote. The extension is intended to allow ministries, departments, and agencies (MDAs) more time to complete ongoing projects and fully utilise allocated funds.

With the new budget taking effect from April 1, the federal government is expected to begin immediate implementation. Tinubu directed MDAs to ensure transparency, discipline, and value for money in the execution of public spending.

He also commended the National Assembly for the swift passage of the budget and reiterated the administration’s commitment to fiscal reforms, improved revenue generation, job creation, and expanded social protection.