Abuja, Nigeria – President Bola Tinubu has officially signed the 2026 Appropriation Bill into law, approving a national budget of N68.32 trillion for the fiscal year, while also assenting to a bill that extends the implementation of the 2025 capital budget to June 30, 2026.
The new 2026 budget allocates N15.8 trillion for servicing the nation’s debt and earmarks N32.2 trillion for capital expenditure, reflecting the administration’s focus on infrastructure development and economic growth. According to Okay News, this spending plan prioritizes national security, economic stability, and investments aimed at improving the living standards of Nigerians.
The extension of the 2025 capital budget is intended to ensure the full utilization of funds for ongoing infrastructure projects that are already in advanced stages of implementation across the country. This will allow government ministries and agencies to complete their work and maximize the value of public spending.
President Tinubu has directed all government bodies to ensure the disciplined and transparent use of the allocated funds for the 2026 budget. He emphasized the need for value for money and the timely delivery of projects as his administration begins the full implementation of its Renewed Hope Agenda.
