ABUJA, Nigeria – President Bola Tinubu signs Nigeria’s 2026 Appropriation Act of ₦68.32tn, outlining spending priorities across infrastructure, security and economic growth.
The budget allocates ₦32.2tn to capital expenditure, nearly half of total spending, signalling focus on development projects.
A statement on Friday by presidential adviser Bayo Onanuga says the plan balances statutory transfers, debt servicing and recurrent costs.
“With capital expenditure accounting for about 50 per cent… the budget underscores commitment to economic stability,” the statement reads.
The President also extends implementation of the 2025 budget to June 30, 2026, to ensure completion of ongoing projects.
Officials say the extension will improve project delivery and maximise public spending value.
Tinubu directs ministries and agencies to ensure transparency, efficiency and timely execution of projects.
The administration links the budget to its reform agenda, targeting job creation, infrastructure development and social protection.
“We will invest in security with clear accountability… security spending must deliver results,” Tinubu says.
The budget is partly financed through external borrowing, with over $21bn approved to bridge the fiscal gap.
Join the conversation