Tinubu signs ₦68.32trn 2026 budget, extends 2025 spending deadline

In a significant move to bolster economic planning and project execution, President Bola Ahmed Tinubu has officially signed the 2026 Appropriation Bill into law, setting the national expenditure at a substantial ₦68.32 trillion. This landmark decision underscores the administration's unwavering commitment to its 'Renewed Hope Agenda,' prioritizing critical areas that will shape Nigeria's future.

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President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026.

The budget's strategic allocation, with capital expenditure comprising approximately 50% of the total sum, signals a clear intent to drive tangible development across the nation. This focus on infrastructure, national security, and inclusive growth is designed to foster economic stability and improve the quality of life for all Nigerians. The significant allocation to capital projects is particularly noteworthy, aiming to accelerate the completion of ongoing works and maximize the value of public expenditure.

Furthermore, the President's assent to the bill extending the 2025 budget implementation period to June 30, 2026, is a pragmatic step. This extension ensures that vital infrastructure projects, many of which are at advanced stages, receive the necessary time and resources for full and effective utilization of appropriated funds. It demonstrates a commitment to continuity and efficient project delivery, preventing the disruption of critical development initiatives.

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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.

This fiscal roadmap for 2026, coupled with the extension of the 2025 budget, reflects a government determined to lay a solid foundation for sustained growth and prosperity. The emphasis on disciplined, transparent, and efficient resource utilization, as directed by the President to all Ministries, Departments, and Agencies (MDAs), is crucial for achieving these ambitious goals and building a more resilient economy.

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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.