President Bola Ahmed Tinubu has officially signed the ₦68.32 trillion 2026 Appropriation Bill into law, marking a major milestone for the administration’s "Renewed Hope" agenda.
The new budget is designed to prioritize economic stability, national security, and massive infrastructure expansion across the federation.
A significant highlight of the 2026 fiscal plan is the ₦32.2 trillion allocated to capital expenditure, representing roughly 50% of the total budget.
Other key allocations include ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent expenditure, and ₦4.799 trillion for statutory transfers.
In addition to the new budget, the President signed an amendment extending the implementation of the 2025 Budget from March 31 to June 30, 2026.
According to a statement by presidential aide Bayo Onanuga, this extension ensures that critical capital projects currently at advanced stages can be completed effectively.
"The 2026 Appropriation Act signals the commencement of a new fiscal cycle aligned with the administration’s Renewed Hope Agenda," the statement noted.
President Tinubu urged all government agencies to maintain strict fiscal discipline and transparency, ensuring that public funds translate into tangible benefits for Nigerians.
He also praised the National Assembly for their patriotism in the speedy passage of the bill.
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