President Bola Tinubu has signed the N68.32 trillion 2026 Appropriation Bill into law.
The President’s Special Adviser on Information and Strategy, Bayo Onanuga, announced this in a statement on Friday.
The National Assembly had on March 31 passed the budget following Tinubu’s request for an upward review of the initial estimates.
Tinubu had in December 2025 presented a N58.47 trillion spending plan to the legislature, but later requested an increase of N9.81 trillion, bringing the total to N68.32 trillion.
According to Onanuga, the budget provides N4.79 trillion for statutory transfers, N15.8 trillion for debt servicing, N15.4 trillion for recurrent expenditure, and N32.2 trillion for capital projects.
He said capital expenditure accounts for about 50 per cent of the budget, describing it as a reflection of the administration’s focus on infrastructure development, economic stability, national security and inclusive growth.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth,” Onanuga said.
He added that the structure of the budget reflects a balance between statutory obligations, debt servicing, recurrent spending and capital investments aimed at boosting productivity and improving living standards.
The spokesperson also disclosed that Tinubu has extended the implementation period of the 2025 budget from March 31 to June 30, 2026, through an amendment bill.
He said the extension would allow Ministries, Departments and Agencies (MDAs) to fully utilise funds for ongoing infrastructure and development projects, complete critical works and improve project delivery.
Onanuga said the 2026 Appropriation Act took effect from April 1, adding that full implementation would commence in line with the Renewed Hope Agenda.
He also quoted the President as directing MDAs to ensure transparent, disciplined and efficient use of public funds, with emphasis on value for money and timely delivery of projects.
Tinubu further restated his administration’s commitment to fiscal reforms, improved revenue generation, job creation and increased investment in social protection programmes.
