Tinubu assents to 2026 appropriation bill, 2025 budget extension

President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of N68.32 trillion.

The President besides signed the measure extending the implementation play for the 2025 fund from March 31, 2026, to June 30, 2026.

This is contained successful a connection by his Senior Special Assistant connected Information and Strategy, Bayo Onanuga, connected Friday.

According to the statement, the N68.32 trillion fund for this twelvemonth earmarks N4.799 trillion for statutory transfers and N15.8 trillion for indebtedness service.

It allocates N15.4 trillion to recurrent expenditure and N32.2 trillion to the Development Fund for Capital Expenditure.

With superior expenditure accounting for astir 50 per cent, the 2026 fund underscores the administration’s continued committedness to economical stability, nationalist security, infrastructure development, and inclusive growth.

The allocations bespeak a strategical equilibrium betwixt statutory obligations, indebtedness servicing, recurrent expenditure, and superior investments captious to driving productivity ...