RismadarVoice Reporters, April 17, 2026
President Bola Ahmed Tinubu has signed into law 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 President also assented to an amendment bill extending the capital component of the 2025 Appropriation Act from its initial deadline of March 31 to June 30, to allow for the completion of ongoing projects.
According to a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the 2026 budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt servicing.
Recurrent (non-debt) expenditure is projected at ₦15.4 trillion, while ₦32.2 trillion—about 50 per cent of the total budget—is earmarked for capital expenditure through the Development Fund.
The government said the strong capital allocation reflects its commitment to infrastructure development, economic stability, national security, and inclusive growth.
It noted that the budget strikes a balance between statutory obligations, debt servicing, and investments critical to improving productivity and citizens’ quality of life.
The extension of the 2025 budget, the statement added, will ensure the full utilisation of funds, particularly for key infrastructure projects already at advanced stages.
“This will enable Ministries, Departments and Agencies (MDAs) to consolidate ongoing works, improve project completion rates, and maximise value for public expenditure,” the statement said.
With the 2026 Appropriation Act taking effect from April 1, the Federal Government is set to commence full implementation in line with its Renewed Hope Agenda.
President Tinubu directed all MDAs to ensure transparency, discipline, and efficiency in the use of public funds, with emphasis on value for money and timely execution of projects.
He also commended the National Assembly for its cooperation and timely passage of the budget, reaffirming the importance of collaboration between the executive and legislative arms in achieving national development goals.
The President further assured Nigerians of his administration’s commitment to fiscal reforms, improved revenue generation, job creation, and strengthened social protection programmes.
