President Bola Tinubu has signed the 2026 Appropriation Bill into law, approving a total federal expenditure of ₦68.32 trillion, in a move that outlines the government’s fiscal priorities for the year ahead.

The budget allocates ₦4.799 trillion for statutory transfers, ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent expenditure, and ₦32.2 trillion for capital projects, signaling a strong emphasis on infrastructure development, security spending and economic growth.

In addition, the president signed an amendment extending the implementation period of the 2025 capital budget from March 31 to June 30, 2026. The extension is intended to allow ministries, departments and agencies (MDAs) to complete ongoing projects and improve budget execution.

President Tinubu said the extension would help maximize public spending efficiency and ensure delivery of key infrastructure projects. He also directed government agencies to maintain transparency and accountability in the use of public funds.

The presidency praised the National Assembly for the swift passage of the budget and reaffirmed its commitment to deeper fiscal reforms aimed at strengthening Nigeria’s economic stability and long-term growth trajectory.