Tinubu Signs N68.32 Trillion Budget, Extends 2025 Spending Window to Drive Infrastructure Push

|By Adejumo Adekunle

President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill, unlocking a massive N68.32 trillion budget aimed at accelerating economic growth, strengthening national security, and expanding infrastructure across Nigeria.

The President also approved an extension of the 2025 budget implementation timeline from March 31 to June 30, 2026, in a decisive move to fast-track ongoing projects and maximise public spending efficiency.

In a statement issued by his Senior Special Assistant on Information and Strategy, Bayo Onanuga, the administration outlined the key allocations driving the fiscal plan.

The budget sets aside:

• N4.799 trillion for statutory transfers
• N15.8 trillion for debt servicing
• N15.4 trillion for recurrent expenditure
• N32.2 trillion for capital and development projects

With nearly 50 percent channelled into capital expenditure, the spending plan signals a bold push to rebuild infrastructure, stimulate productivity, and improve living standards nationwide.

The Presidency said the allocations reflect a carefully balanced strategy—meeting financial obligations while aggressively investing in sectors critical to long-term development.

The newly signed amendment bill extending the 2025 budget is expected to unlock stalled projects, allowing Ministries, Departments, and Agencies to consolidate progress and deliver key infrastructure already at advanced stages.

With the 2026 budget taking effect from April 1, the Federal Government is set to roll out full implementation under its Renewed Hope Agenda.

President Tinubu has directed all MDAs to enforce strict fiscal discipline, ensure transparency, and deliver value for money, warning against delays and inefficiencies in project execution.

He also praised the National Assembly for its swift passage of the budget, highlighting the importance of continued collaboration between the executive and legislature in driving national development.

Reaffirming his administration’s economic direction, the President pledged to deepen fiscal reforms, boost revenue generation, create jobs, and strengthen social protection systems.