Tinubu unveils 2026 budget focused on growth and fiscal discipline
President Bola Tinubu has presented the 2026 Appropriation Bill to the National Assembly, emphasizing realism and economic growth. The budget, revealed on June 5, 2025, outlines major spending on security, education, and infrastructure. The administration says the plan is anchored on fiscal sustainability and national renewal. Key figures highlight a significant budget deficit but aim for value-driven spending.
What we know
- Bola Tinubu’s 2026 budget projects ₦34.33tn in revenue and ₦58.18tn in total expenditure.
- The budget includes ₦15.52tn for debt servicing and ₦26.08tn for capital projects.
- A deficit of ₦23.85tn is expected, about 4.28% of Nigeria’s GDP.
- Sector allocations: ₦5.41tn for defence/security, ₦3.56tn for infrastructure, ₦3.52tn for education, and ₦2.48tn for health.
- The budget is based on conservative oil and exchange rate assumptions, aiming to reduce waste and boost public value.
