President Bola Tinubu has signed into law the 2026 Appropriation Bill, approving an aggregate expenditure of N68.32 trillion and extending the implementation period of the 2025 capital budget to June 30, 2026.
The extension moves the previous deadline from March 31, 2026, giving Ministries, Departments, and Agencies (MDAs) additional time to complete ongoing capital projects across the country.
A breakdown of the 2026 budget shows that N4.799 trillion is allocated to statutory transfers, N15.8 trillion for debt servicing, and N15.4 trillion for recurrent (non-debt) expenditure. Capital expenditure stands at N32.2 trillion, accounting for about half of the total budget.
The allocation reflects the administration’s continued focus on infrastructure development, economic stability, and inclusive growth, alongside statutory obligations and debt repayment commitments.
According to the Presidency, the extension of the 2025 capital budget is intended to ensure full utilisation of funds, particularly for projects at advanced stages of execution.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the additional three-month window would enable Ministries, Departments, and Agencies (MDAs) to consolidate ongoing projects, improve completion rates, and enhance value for public spending.
With the 2026 Appropriation Act now in effect from April 1, full implementation is expected to commence in line with the administration’s policy priorities.
Tinubu directed MDAs to ensure disciplined, transparent, and efficient use of resources, with an emphasis on value for money and timely delivery of projects.
He commended the National Assembly for what he described as its cooperation and diligence in the timely passage of the budget, noting that strong executive-legislative collaboration remains vital to national development.
Tinubu also reaffirmed his administration’s commitment to fiscal reforms, improved revenue generation, and increased investment in economic expansion, job creation, and social protection.
