JUST IN: TINUBU SIGNS ₦68.32 TRILLION 2026 BUDGET, EXTENDS 2025 APPROPRIATION IMPLEMENTATION

TINUBU SIGNS ₦68.32 TRILLION 2026 BUDGET, EXTENDS 2025 APPROPRIATION IMPLEMENTATION


President Bola Ahmed Tinubu has officially assented to the 2026 Appropriation Bill, approving a total expenditure of ₦68.32 trillion for the fiscal year, while also signing into law an extension of the 2025 budget implementation period to June 30, 2026.

The newly signed budget outlines key allocations across major sectors of the economy. A total of ₦4.799 trillion has been designated for statutory transfers, while ₦15.8 trillion is earmarked for debt servicing. Recurrent expenditure is projected at ₦15.4 trillion, with a significant ₦32.2 trillion allocated to the Development Fund for capital projects.

Capital expenditure accounts for approximately 50 percent of the total budget, reflecting the Federal Government’s focus on infrastructure development, economic stability, national security, and inclusive growth. The allocation structure is designed to balance statutory obligations, debt servicing, and investments aimed at boosting productivity and improving living standards.

In addition, the President approved the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 budget from its earlier deadline of March 31, 2026, to June 30, 2026. The extension is intended to allow for the completion of ongoing projects and ensure effective utilisation of previously allocated funds.

According to the Presidency, the extension will support Ministries, Departments, and Agencies (MDAs) in consolidating ongoing infrastructure and development projects, improving completion rates, and enhancing value for public spending.

With the 2026 Appropriation Act taking effect from April 1, full implementation is expected to proceed in alignment with the administration’s Renewed Hope Agenda. President Tinubu has directed all MDAs to maintain discipline, transparency, and efficiency in the use of public funds, with emphasis on timely project delivery and value for money.

The President also commended the National Assembly for what he described as its cooperation and diligence in the timely consideration and passage of the budget. He emphasized the importance of continued collaboration between the executive and legislative arms in achieving national development goals.

Reaffirming his administration’s fiscal direction, President Tinubu stated that efforts would continue to strengthen revenue generation, deepen economic reforms, and prioritise investments capable of stimulating growth, creating jobs, and enhancing social protection systems across the country.

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