President Bola Tinubu has approved Nigeria’s 2026 national budget and made an adjustment to the 2025 spending plan. He signed the 2026 Appropriation Bill into law with a total value of ₦68.32 trillion and also approved an extension of the 2025 budget implementation.
The decision was announced on Friday, with the new budget taking effect from April 1, 2026. The development was confirmed in Abuja through a statement from the presidency. The extension was approved to allow completion of ongoing projects and ensure proper use of already allocated funds. The presidency, through Bayo Onanuga, released details of the approval and the breakdown of the budget.
The approved budget includes funds set aside for different areas of government spending. About ₦4.799 trillion is allocated for statutory transfers, while ₦15.8 trillion will go to debt servicing.
Recurrent expenses will take ₦15.4 trillion, while ₦32.2 trillion is reserved for capital projects under the development fund.
Alongside this, the President also signed an amendment to extend the capital spending of the 2025 budget from March 31 to June 30, 2026. This move is expected to give Ministries, Departments, and Agencies more time to complete projects that are already in progress across the country.
The government explained that the extension will help improve project delivery and ensure that public funds are properly used, especially for infrastructure projects that are close to completion.
Tinubu also directed government agencies to apply discipline in spending, ensure transparency, and focus on delivering projects within the expected time.
The budget, which was first presented to the National Assembly in December 2025, was later increased before final approval. It is built around plans to support economic growth, improve infrastructure, strengthen security, and provide better living conditions for citizens.
The President also appreciated the National Assembly for working on the budget and assured that his administration will continue efforts to improve revenue and support economic reforms.
The approval of the budget marks the start of full implementation of government spending plans for 2026, while the extension of the previous budget is expected to help complete ongoing projects without interruption.