Tinubu Signs ₦68.32tn 2026 Budget, Extends 2025 Capital Implementation to June

President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill totalling ₦68.32 trillion, while also approving an extension of the 2025 budget’s capital implementation to June 30, 2026.

The announcement was made in a statement on Friday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

A breakdown of the 2026 budget shows that ₦4.799 trillion has been allocated for statutory transfers, while ₦15.8 trillion is earmarked for debt servicing. Recurrent (non-debt) expenditure accounts for ₦15.4 trillion, with a significant ₦32.2 trillion dedicated to capital expenditure through the Development Fund.

The government noted that capital spending represents about 50 per cent of the total budget, reflecting a strong focus on infrastructure development, national security, and economic growth.

The allocation also aims to strike a balance between statutory obligations, debt servicing, and investments critical to improving productivity and living standards.

In a related development, the President signed the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, extending the implementation of the 2025 capital budget from March 31 to June 30, 2026.

The extension is expected to allow Ministries, Departments, and Agencies (MDAs) to complete ongoing projects and ensure optimal use of allocated funds.

According to the presidency, the move will help consolidate infrastructure projects already at advanced stages and improve overall project delivery across the country.

With the new budget taking effect from April 1, the Federal Government is set to begin full implementation in line with its policy direction.

President Tinubu urged MDAs to ensure transparency, discipline, and efficiency in the use of public funds, stressing the need for value for money and timely execution of projects.

He also commended the National Assembly for its swift consideration and passage of the budget, highlighting the importance of continued collaboration between the executive and legislative arms of government.

The President reaffirmed his administration’s commitment to fiscal reforms, improved revenue generation, job creation, and enhanced social protection as part of efforts to drive inclusive economic growth.