Breaking: Tinubu Assents To 2026 Budget, Approves 2025 Supplementary Expansion

The announcement was made on Friday in a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga.

The budget outlines a total expenditure of ₦68.32 trillion and also includes an extension of the 2025 budget implementation period from March 31, 2026, to June 30, 2026.

Under the 2026 fiscal plan, ₦4.799 trillion is allocated for statutory transfers, while ₦15.8 trillion is set aside for debt servicing. Recurrent expenditure is projected at ₦15.4 trillion, with ₦32.2 trillion earmarked for capital projects under the Development Fund.

The government explained that the large capital allocation—about 50 percent of the budget—reflects its focus on infrastructure, economic stability, national security, and inclusive growth.

Officials said the distribution is designed to balance statutory obligations, debt repayment, daily government operations, and long-term investments aimed at improving living standards.

The President also signed the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 budget to June 30, 2026.

This extension is intended to ensure full utilisation of funds, especially for ongoing infrastructure and development projects across the country.

It will also allow Ministries, Departments, and Agencies (MDAs) to complete ongoing works, improve project delivery, and maximise public spending efficiency.

With the 2026 Appropriation Act taking effect from April 1, the Federal Government is set to begin full implementation under the Renewed Hope Agenda.

President Tinubu directed MDAs to ensure transparency, discipline, and efficiency in the use of funds, with emphasis on value for money and timely delivery of projects.

He also commended the National Assembly for its swift passage of the budget, describing the cooperation between the executive and legislature as vital to national progress.

Tinubu further reaffirmed his administration’s commitment to fiscal reforms, improved revenue generation, job creation, and increased investment in social and economic development programmes.