Tinubu Signs ₦68.32tn 2026 Budget
Last update: April 17, 2026
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Tinubu signs ₦68.32 trillion 2026 budget and extends 2025 budget implementation...
President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, approving a total expenditure of ₦68.32 trillion, while also signing a measure extending the implementation period of the 2025 budget to June 30, 2026.
According to a State House press release issued on April 17, 2026, the extension shifts the deadline for the 2025 budget from March 31 to June 30, allowing more time for the execution of ongoing projects.
CBI News reports that the 2026 budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt servicing.
It also sets aside ₦15.4 trillion for recurrent expenditure and ₦32.2 trillion for capital expenditure under the Development Fund.
With capital spending making up about 50 per cent of the budget, the plan highlights the administration’s focus on economic stability, national security, infrastructure development, and inclusive growth.
The government said the allocations reflect “a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians.”
President Tinubu also signed the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 budget.
The move is aimed at ensuring the full utilisation of funds, particularly for key infrastructure and development projects already at advanced stages.
The statement noted that the extension would help Ministries, Departments, and Agencies (MDAs) to “consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure.”
With the 2026 Appropriation Act taking effect from April 1, the Federal Government is set to begin full implementation in line with its Renewed Hope Agenda.
The President directed MDAs to ensure “disciplined, transparent, and efficient utilisation of allocated resources,” with emphasis on value for money and timely delivery of projects.
He also commended the National Assembly for its “diligence, cooperation, and patriotism” in the swift consideration and passage of the budget, while reaffirming the need for continued collaboration between the executive and legislative arms of government.
Tinubu further assured Nigerians of his administration’s commitment to deepening fiscal reforms, improving revenue generation, and prioritising investments that will drive economic growth, create jobs, and strengthen social protection systems.
