Abuja, 19 December 2025 – President Bola Ahmed Tinubu on Friday presented the 2026 Appropriation Bill to the National Assembly, describing it as the “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” The budget sets total expenditure at ₦58.18 trillion, with a projected deficit of ₦23.85 trillion, equivalent to 4.28% of GDP, while total revenue is expected to reach ₦34.33 trillion.
Highlighting Nigeria’s recent economic improvements, Tinubu noted that the economy grew by 3.98% in Q3 2025, up from 3.86% in Q3 2024, while inflation moderated to 14.45% in November after peaking at 24.23% in March. Oil production, non-oil revenues, and foreign reserves all improved, with external reserves hitting a seven-year high of about US$47 billion, enough to cover more than 10 months of imports.
Key priorities in the 2026 budget include:
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Security: ₦5.41 trillion to modernize the armed forces, strengthen policing, and combat terrorism and armed non-state actors.
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Infrastructure: ₦3.56 trillion for transport, energy, and port modernisation projects.
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Education: ₦3.52 trillion to expand higher education access and support over 418,000 students nationwide.
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Health: ₦2.48 trillion, complemented by over US$500 million in grants from international partners for targeted healthcare interventions.
President Tinubu emphasized disciplined execution, digitized revenue collection, and accountability in government-owned enterprises. He directed that all ministries and agencies meet their revenue targets and implement projects transparently.
“2026 will be a year of stronger discipline in budget execution. The greatest budget is not the one we announce—it is the one we deliver,” Tinubu said, stressing that fiscal reforms will continue to prioritize measurable outcomes for Nigerian households.
The 2026 budget is built on realistic assumptions: crude oil at US$64.85 per barrel, production of 1.84 million barrels per day, and an exchange rate of ₦1,400 to the US dollar. Tinubu described the budget as a coherent programme to secure Nigeria, promote inclusive growth, and ensure that prosperity reaches every citizen.
By President Bola Tinubu ✔
Godwin Okafor is the Publisher & CEO of Naija247news Media Group LLC, an independent investigative news platform delivering accurate, data-driven reporting on Nigerian and global politics, economy, finance, and business. Founded in October 2010, Naija247news specializes in developmental journalism, providing timely insights and analysis to readers across Nigeria and the diaspora.
View Archive →Reported by Naija247news. Source: By President Bola Tinubu
