President Bola Tinubu on Thursday presented the N58.18 trillion 2026 Appropriation Bill to a joint session of the National Assembly, with security emerging as a major priority.
Tagged the “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” Tinubu said it builds on “painful but necessary” reforms aimed at macroeconomic stability, job creation and inclusive growth.
The proposal pegs total revenue at N34.33 trillion against expenditure of N58.18 trillion, leaving a deficit of N23.85 trillion, or 4.28 per cent of GDP. Defence and security received N5.41 trillion, while capital expenditure stood at N26.08 trillion. “These numbers are not just accounting lines. They are a statement of national priorities,” Tinubu said.
On security, the President declared that “any armed group or gunwielding non-state actors operating outside state authority will be regarded as terrorists,” vowing tougher action. He also cited economic improvements, including 3.98 per cent GDP growth in Q3 2025 and inflation easing to 14.45 per cent, assuring Nigerians that “their sacrifices are not in vain.”