President Bola Ahmed Tinubu has presented a ₦58.47 trillion budget proposal for the 2026 fiscal year, with significant allocations to defence and security, infrastructure, education and health, as part of efforts to stabilise the economy and strengthen national development.
Key details of the budget were outlined during the presentation to the National Assembly, where the President highlighted security and economic recovery as core priorities of his administration.
According to the breakdown, defence and security received the highest sectoral allocation at ₦5.41 trillion, reflecting ongoing efforts to address insecurity across the country. Infrastructure followed with ₦3.56 trillion, while education and health were allocated ₦3.52 trillion and ₦2.48 trillion, respectively.
The overall expenditure framework comprises ₦26.08 trillion for capital expenditure, aimed at driving growth and development, and ₦15.25 trillion for recurrent (non-debt) spending.
President Tinubu’s economic assumptions for the 2026 budget include a crude oil benchmark price of US$64.85 per barrel, daily oil production of 1.84 million barrels, and an exchange rate of ₦1,400 to the US dollar.+See more details
The proposal will now be scrutinised by lawmakers, with debates and adjustments expected before passage, as Nigerians await how the ambitious spending plan will translate into improved security, infrastructure, and economic stability.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
