President Bola Ahmed Tinubu has signed the 2026 Appropriation Bill into law, approving a total expenditure of ₦68.32 trillion and extending the implementation of the 2025 capital budget to June 30, 2026.

The extension shifts the earlier deadline from March 31, giving Ministries, Departments and Agencies (MDAs) additional time to complete ongoing projects nationwide.

A breakdown of the 2026 budget shows ₦4.799 trillion for statutory transfers, ₦15.8 trillion for debt servicing, and ₦15.4 trillion for recurrent expenditure, while capital spending stands at ₦32.2 trillion—about half of the total outlay.

According to the Presidency, the extension is aimed at ensuring full utilisation of funds, particularly for projects nearing completion. Special Adviser on Information and Strategy, Bayo Onanuga, said the additional window would help improve project delivery and value for public spending.

The 2026 budget, effective from April 1, is expected to drive infrastructure development, economic stability, and inclusive growth, alongside meeting statutory and debt obligations.

Tinubu directed MDAs to ensure transparent and efficient use of resources, emphasising timely execution of projects. He also commended the National Assembly for the prompt passage of the budget and reaffirmed his administration’s commitment to fiscal reforms, revenue growth, job creation, and social protection.