Tinubu Unveils ₦54.46trn 2026 Budget, Promises Economic Stability And Shared Prosperity

President Bola Ahmed Tinubu has submitted a ₦54.46 trillion 2026 Appropriation Bill to a joint sitting of the National Assembly, outlining a spending plan that allocates ₦15.25 trillion to recurrent (non-debt) expenditure and ₦26.08 trillion to capital projects.

The proposal is based on a crude oil price benchmark of $64.85 per barrel, daily oil production of 1.84 million barrels, and an exchange rate assumption of ₦1,400 to the US dollar for the 2026 fiscal year.

Security and defence received the largest allocation at ₦5.41 trillion, while infrastructure was earmarked for ₦3.56 trillion. The education sector was allocated ₦3.52 trillion, with health set to receive ₦2.48 trillion.

The budget, titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” is aimed at strengthening economic stability, boosting growth, and delivering improved outcomes for Nigerians.