Tinubu Signs ₦68.32 Trn 2026 Budget, Extends 2025 Spending Deadline to June 2026
President Bola Tinubu has signed the 2026 Appropriation Bill of ₦68.32 trillion into law. He also approved an extension of the 2025 budget implementation period to June 30, 2026. The new budget, effective April 1, allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt servicing. Recurrent expenditure is set at ₦15.4 trillion, while ₦32.2 trillion is earmarked for capital projects. With capital spending making up about half of the total, the plan underscores the administration’s focus on infrastructure, economic stability, national security and inclusive growth. The presidency expects the extension to boost project completion and value for public funds. President Tinubu directed Ministries, Departments and Agencies to use resources transparently and efficiently. He praised the National Assembly’s swift passage of the budget and reaffirmed his economic agenda on fiscal reforms, revenue generation and strategic investments.
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