President Bola Tinubu has approved a ₦68.32 trillion budget for 2026, officially setting the Federal Government’s spending plan for the year.

The newly signed budget outlines major allocations across key areas, including debt servicing, government operations, and capital projects, with a significant portion directed toward infrastructure and development.

Nigeria’s annual budget process typically involves months of review by the National Assembly before final approval. The 2026 proposal was initially presented late in 2025 and later adjusted upward before receiving presidential assent.

A large share of the budget will go into capital projects, signaling a focus on infrastructure and economic growth. Other major components include funds for statutory obligations, debt payments, and routine government expenses.

In a related move, the President also approved an extension of the 2025 budget’s capital spending timeline, pushing its implementation to June 2026. The decision is aimed at allowing ongoing projects to be completed and funds to be fully utilised.

The presidency says the budget reflects a plan to stabilise the economy, improve infrastructure, and support growth. Ministries and agencies have also been directed to ensure transparency and efficient use of funds.

The 2026 fiscal plan is expected to guide government spending as efforts continue to strengthen the economy and deliver public projects across Nigeria.