Tinubu Signs 2026 Budget, Extends 2025 Implementation Period

By Emmanuel Kwada

President Bola Ahmed Tinubu has signed the 2026 Appropriation Bill into law, approving a total expenditure of ₦68.32 trillion for the year.

The President also assented to a bill extending the implementation of the 2025 budget from March 31, 2026, to June 30, 2026. The extension equally applies to the capital component of the 2025 Appropriation Act.

According to details of the 2026 budget, ₦4.799 trillion is allocated for statutory transfers, while ₦15.8 trillion is earmarked for debt service. Recurrent expenditure is put at ₦15.4 trillion, and the Development Fund for Capital Expenditure receives ₦32.2 trillion.

Capital expenditure, which accounts for nearly 50 per cent of the total budget, reflects the government’s focus on infrastructure development, national security, economic stability, and inclusive growth.

A statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, explained that the six-month extension for the 2025 budget will allow Ministries, Departments and Agencies (MDAs) to complete ongoing critical infrastructure projects and ensure maximum utilisation of funds.

President Tinubu has directed all MDAs to utilise the allocated resources with discipline, transparency, and a strong emphasis on value for money and timely project delivery.

The President commended the National Assembly for its cooperation and swift passage of the budget, and reiterated his administration’s commitment to deepening fiscal reforms, boosting revenue generation, and delivering projects that will create jobs and improve the welfare of Nigerians.