President Bola Ahmed Tinubu has signed the 2026 Appropriation Bill into law, approving a total expenditure of ₦68.32 trillion and extending the implementation of the 2025 budget to June 30, 2026.
The development was confirmed in a State House statement issued on April 17, 2026, and signed by presidential spokesman Bayo Onanuga.
According to the presidency, the newly signed budget outlines ₦4.799 trillion for statutory transfers, ₦15.8 trillion for debt servicing, and ₦15.4 trillion for recurrent expenditure. A substantial ₦32.2 trillion has been allocated to capital projects through the Development Fund accounting for about half of the total budget.
Officials say the spending plan reflects a balance between meeting financial obligations and driving economic growth through infrastructure and development initiatives. The government also noted that the budget aligns with its broader agenda focused on stability, security, and inclusive growth.
As part of the announcement, the president also approved an amendment extending the capital component of the 2025 budget from March 31 to June 30, 2026. The move is aimed at allowing Ministries, Departments, and Agencies (MDAs) to complete ongoing projects and ensure full utilisation of allocated funds.
The presidency said the extension would help improve project delivery, maximise public spending, and support critical infrastructure projects already at advanced stages.
President Tinubu also directed MDAs to maintain fiscal discipline, emphasising transparency, efficiency, and value for money in the use of public funds.
He commended the National Assembly for its swift passage of the budget and called for continued collaboration between the executive and legislative arms of government to advance national development goals.
The 2026 budget took effect from April 1, with full implementation expected to proceed in line with the administration’s policy direction.