President Bola Tinubu has signed the ₦68.32 trillion 2026 Appropriation Bill into law while extending the implementation of the 2025 capital budget to June 30, 2026, to ensure the completion of critical infrastructure projects.
President Bola Tinubu has officially signed the 2026 Appropriation Bill of ₦68.32 trillion into law, marking a significant milestone in his administration’s fiscal strategy. Taking effect from April 1, the budget prioritizes a massive ₦32.2 trillion for capital projects under the Development Fund, representing approximately 50 percent of the total expenditure. This heavy leaning toward capital investment signals a sustained focus on national security, infrastructure development, and inclusive growth, which the government describes as a balance between meeting statutory obligations and “funding critical investments aimed at boosting productivity and improving living standards.”
The fiscal roadmap also addresses the country’s significant financial commitments, earmarking ₦15.8 trillion for debt servicing and ₦4.799 trillion for statutory transfers. Recurrent expenditure has been set at ₦15.4 trillion, as the administration attempts to manage the rising cost of governance alongside its ambitious development goals. Officials noted that the high allocation for debt servicing remains a necessity for economic stability, even as the government aggressively pursues revenue-generating projects to offset the burden and improve the quality of life for the average Nigerian.
In a strategic move to prevent the abandonment of ongoing initiatives, the President also assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026. This amendment extends the implementation period for the capital component of the 2025 budget from its original deadline of March 31 to June 30, 2026. By allowing these two budgets to run concurrently for the next three months, the administration aims to ensure that major infrastructure projects initiated in the previous year reach completion without the typical fiscal bottlenecks associated with the start of a new calendar cycle.
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