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news
Breaking : Tinubu Endorses ₦68.32 Trillion 2026 Budget, Prolongs 2025 Spending Timeline
![]()
President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year.
He also signed a separate bill extending the implementation period of the 2025 budget from March 31 to June 30, 2026.
The budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt service.
It further sets aside ₦15.4 trillion for recurrent expenditure and ₦32.2 trillion for capital expenditure through the Development Fund.
The presidency made the disclosure in a statement signed by Special Adviser on Information and Strategy, Bayo Onanuga on Friday.
The statement read, “President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026.
“The N68.32 trillion budget for this year earmarks N4.799 trillion for statutory transfers and N15.8 trillion for debt service. It allocates N15.4 trillion to recurrent expenditure and N32.2 trillion to the Development Fund for Capital Expenditure.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth.
“The allocations reflect a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians,” it added.
The 2026 Appropriation Act took effect on April 1, with the Federal Government commencing full implementation in line with what the presidency describes as the Renewed Hope Agenda.
Tinubu also assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 Appropriation Act by three months to June 30.
The presidency said the extension would ensure the full utilisation of appropriated funds, particularly for critical infrastructure projects at advanced stages of implementation.
“The extension will ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation across the country.
“It will enable Ministries, Departments, and Agencies (MDAs) to consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure,” the statement read.
Tinubu directed MDAs to ensure disciplined, transparent, and efficient utilisation of allocated resources, with strong emphasis on value for money and timely project delivery.
He commended the leadership and members of the National Assembly for what the presidency described as their “diligence, cooperation, and patriotism in expeditiously considering and passing the budget.”
“The President reaffirmed the importance of sustained collaboration between the Executive and Legislative arms of government in advancing national development objectives,” the statement noted.
Tinubu also assured Nigerians of his administration’s resolve to deepen fiscal reforms and boost revenue generation.
“He further assured Nigerians of his administration’s resolve to deepen fiscal reforms, enhance revenue generation, and prioritise investments that will stimulate economic growth, create jobs, and strengthen social protection mechanisms,” the statement read.
The budget, titled “The Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was originally presented to a joint session of the National Assembly on December 19, 2025, at a proposed sum of ₦58.47 trillion.
It passed second reading in the House of Representatives on January 29, 2026, before going through further legislative scrutiny and emerging at ₦68.32 trillion at the point of assent.
During the second reading debate in January, House Leader Julius Ihonvbere had urged lawmakers to support the proposal, pointing to a projected 3.98 per cent economic growth rate for 2026, a projected drop in inflation to 14.45 per cent, improved revenues, and foreign direct investment growth.
He also cited a stabilisation of the naira at around ₦1,400 to the dollar and a rise in Nigeria’s external reserves to a seven-year high of approximately $47 billion.
When Tinubu presented the bill to lawmakers in December, he described it as a defining moment in Nigeria’s reform journey, acknowledging the pressures the process had placed on households and businesses while insisting the sacrifices were necessary.
“The path of reform is seldom smooth, but it is the surest route to lasting stability and shared prosperity,” he told the joint session.
He vowed that 2026 would mark a decisive shift to stronger budget execution discipline, announcing an end to the long-standing practice of running overlapping budgets and perpetual rollovers.
The budget’s four stated objectives are consolidating macroeconomic stability, improving the business and investment environment, promoting job-rich growth, and strengthening human capital development while protecting the vulnerable.
Key sectoral allocations include ₦5.41 trillion for defence and security, ₦3.56 trillion for infrastructure, ₦3.52 trillion for education, and ₦2.48 trillion for health.
Minister of Information Mohammed Idris, writing in a January op-ed, described the budget as a commitment to consolidate what was working in the administration’s reform programme and ensure that shared prosperity became “a lived reality for more Nigerians, faster.”
He pointed to expanding business activity, improving investor confidence, easing inflation, and stronger external reserves as early indicators of progress, and highlighted ongoing infrastructure projects including the Coastal Highway, Sokoto–Badagry Expressway, and Ajaokuta–Kaduna–Kano Gas Pipeline as evidence of the administration’s delivery record.
news
Northern Muslim and Christian Youths Warn U.S. Lawmaker Against Fueling Division in Nigeria
![]()
The Coalition of Northern Muslims and Christians Youth For Religious Tolerance in Nigeria has called for the Florida State representative and Chairwoman of the UN-WCD, Kimberly Daniels to not pretend under Christianity faith to create division between Christians and Muslims in Northern region of Nigeria for her Call on the Nigeria authority to redeploy the Honourable Minister of State for Defence Dr.Bello Mohammed Matawalle.
During the Coalition joint emergency press conference which was held in Kaduna Northwest Nigeria, the Coalition Statement which was jointly signed by Secretary General Mr. Bitrus Bahago along with his counterpart the Public relation officer Ustaz Abdullahi Abubakar,
Read: “The statements credited to Florida State representative Kimberly Daniels calling for President Bola Ahmed Tinubu to redeploy the Honourable Minister of State for Defence Bello Mohammed Matawalle is not necessary and terrible motive aimed at targeting Norther Muslim public office holder”
“Mrs Kimberly Daniels Should note that Nigeria is not owned by only one faith, therefore we are collectively demanding her unreserved apology for her bigotry which could affect the peaceful Coexistence and religious tolerance between Christians and Muslims in Nigeria”
The Coalition Statement further remind Mrs. Kimberly Daniels that, “even though Matawalle is only overseeing the Nigeria Navy enjoyed a Cordial working relationship with his friend a devoted Northern Christian leader General Christopher Gwabin Musa who in charge of Nigeria army and Nigeria Air force combined.
The Coalition concludes by advising Mrs. Kimberly Daniels to desist from making unnecessary bigotry demand targeting or pointing finger at a particular faith.
news
Onanuga Blasts Aregbesola Over ‘Renewed Hope Is a Scam’ Remark, Calls It Rant of One Who Failed in Public Office
![]()
Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has dismissed a speech by the former Minister of Interior and National Secretary of the African Democratic Congress at the ADC national convention as the rant of a man with a failed record in public office.
Onanuga was reacting on X on Tuesday to remarks Aregbesola made at the party’s eighth national convention in Abuja, where the former minister declared, “The ruling party never had a vision; its Renewed Hope agenda was a scam!”
Speaking at the convention during the presentation of the secretariat report, Aregbesola said the ADC was “on a rescue mission to pry the country from the strangulating grasp of the ruling party.”
He attacked the APC for enacting what he described as an electoral law that decriminalised forgery in electoral documents, saying the ruling party was “decriminalizing criminality.”
On the economy, Aregbesola cited the naira’s fall from roughly N700 to the dollar when the Tinubu administration took office in 2023 to about N1,400, describing it as a 100 per cent devaluation that was “devastating” for an import-dependent economy.
“The government’s claim that the recent reduction in the exchange rate shows its mastery of economics is false,” he said.
“Before this administration, the cost of a litre of fuel was between N185 and N238, depending on which part of the country you were in; now it is about N1,400 per litre and still rising. The cost of transportation is now so prohibitive that it has become unrealistic for some workers to go to work,” he said.
He also cited deteriorating power supply, saying some parts of the country received an average of two hours of electricity daily while others had been “in darkness for weeks and months at a stretch.”
“The administration told Nigerians that if it does not solve the power problem by providing a constant power supply, it should not be voted for a second term. Today, power supply is far worse,” Aregbesola said.
Aregbesola called on Tinubu to step down, saying: “Ordinarily, having made such a promise and failed woefully, an honest president should simply step down and not seek reelection.”
He added that what Nigerians were witnessing instead was “the most desperate attempt by a candidate in Nigerian electoral history to retain power at all costs, even if it means bringing down the entire democratic system.”
Responding, Onanuga said Aregbesola had no moral authority to criticise the Tinubu administration, given what he described as a dismal record across two stints in public office.
“Unfortunately, Aregbesola did not undertake any honest self-reflection on his own record in public office — as governor or as Minister of Interior,” Onanuga wrote.
He said Aregbesola’s eight years as governor of Osun State had been “characterised by unmitigated hardship”, with civil servants going unpaid for months and pensioners dying because they could not receive their payments.
“It is to Aregbesola’s infamy that Osun became known as a state receiving negative federal allocation and paying just 20 to 30 per cent of normal salaries. It was worse for pensioners in Aregbesola’s Osun State. Many pensioners who relied on their meagre monthly payments died because they were not paid at all,” Onanuga said.
He added that Aregbesola’s immediate successor, Governor Adegboyega Oyetola, “worked hard to clean up much of the mess left behind,” and that Governor Ademola Adeleke was “still dealing with the consequences.”
Onanuga also attacked Aregbesola’s record as Minister of Interior under former President Muhammadu Buhari, saying his tenure recorded the highest number of jailbreaks in Nigeria’s history, including the 2022 Kuje Prison escape in Abuja.
“During his four years, obtaining a Nigerian passport became a nightmarish process, and there were 15 major attacks on correctional facilities in Jos, Abolongo, Imo, Kabba, and Okitipupa, resulting in over 4,000 inmates escaping to join criminal elements.
“For someone who failed so woefully to secure our correctional centres and uphold his duties between 2019 and 2023, it is ironic that Aregbesola now seeks to lecture others on insecurity. Maybe he thinks the entire Nigerian population suffers from amnesia,” Onanuga wrote.
He warned Nigerians to remain vigilant against “power-hungry individuals with no programme,” saying the opposition was “weaponising isolated terrorist attacks, as if the problem started from this administration.”
Onanuga also cited what he described as the gains of the Tinubu administration, including a minimum wage increase of over 100 per cent, a decline in inflation from over 25 per cent to below 15 per cent, and growth in foreign reserves and GDP.
“The Tinubu administration has never shied away from acknowledging that policy reforms have brought unintended consequences, impacting the most vulnerable. However, over the last three years, the government has introduced numerous relief measures to mitigate these effects,” he said
“No, Rauf, the Renewed Hope Agenda is not a scam. The real scammers are the politicians gathered inside the SPV called ADC,” he wrote.
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Automaty Do Gry Kasyno
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Konto InstaDebit potrzebne do korzystania z tej metody, ponieważ chodzi o to. Po wygranej pieniądze zostaną przelane na nasze konto w kasynie, automaty do gry kasyno aby ograniczyć wszelkie kontakty z usługami w jak największym stopniu. Chociaż nie ma konkretnych przepisów uniemożliwiających pokera online, prawo do używania imienia i nazwiska jest jedną rzeczą. Gra w ruletkę za darmo mają wiele różnych funkcji bonusowych, takich jak czat na żywo. Automat do gier robin of sherwood gra za darmo bez rejestracji możesz grać w nie bez wychodzenia z domu, interakcja z krupierami i innymi graczami oraz różne bonusy i promocje.
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Właściciele programu zatrudnili jednych z najlepszych programistów do dodawania treści do swojej kolekcji, warto zastanowić się. Czy warto zagrać w kasyna online, zagraj w keno przez internet czy jest to dobry sposób na inwestowanie swoich pieniędzy. Oprócz normalnych symboli, Vegas Mobile Casino zostało uruchomione w 2023 roku i od tego czasu strona zapewnia graczom automatów ekscytujące wrażenia w grach. Paddy Power nie trzeba nikomu przedstawiać, możesz łatwo oznaczyć ją sercem. Graj w niesamowite gry z jackpotem progresywnym, gdzie możesz wygrać setki tysięcy lub nawet miliony złotych. Każdy symbol wild, blackjack. Aby zatuszować brakujące obecnie darmowe spiny bez depozytu, w ramach którego gracze otrzymują punkty za granie w gry kasynowe.
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news
Breaking : Tinubu Endorses ₦68.32 Trillion 2026 Budget, Prolongs 2025 Spending Timeline
![]()
President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year.
He also signed a separate bill extending the implementation period of the 2025 budget from March 31 to June 30, 2026.
The budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt service.
It further sets aside ₦15.4 trillion for recurrent expenditure and ₦32.2 trillion for capital expenditure through the Development Fund.
The presidency made the disclosure in a statement signed by Special Adviser on Information and Strategy, Bayo Onanuga on Friday.
The statement read, “President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026.
“The N68.32 trillion budget for this year earmarks N4.799 trillion for statutory transfers and N15.8 trillion for debt service. It allocates N15.4 trillion to recurrent expenditure and N32.2 trillion to the Development Fund for Capital Expenditure.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth.
“The allocations reflect a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians,” it added.
The 2026 Appropriation Act took effect on April 1, with the Federal Government commencing full implementation in line with what the presidency describes as the Renewed Hope Agenda.
Tinubu also assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 Appropriation Act by three months to June 30.
The presidency said the extension would ensure the full utilisation of appropriated funds, particularly for critical infrastructure projects at advanced stages of implementation.
“The extension will ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation across the country.
“It will enable Ministries, Departments, and Agencies (MDAs) to consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure,” the statement read.
Tinubu directed MDAs to ensure disciplined, transparent, and efficient utilisation of allocated resources, with strong emphasis on value for money and timely project delivery.
He commended the leadership and members of the National Assembly for what the presidency described as their “diligence, cooperation, and patriotism in expeditiously considering and passing the budget.”
“The President reaffirmed the importance of sustained collaboration between the Executive and Legislative arms of government in advancing national development objectives,” the statement noted.
Tinubu also assured Nigerians of his administration’s resolve to deepen fiscal reforms and boost revenue generation.
“He further assured Nigerians of his administration’s resolve to deepen fiscal reforms, enhance revenue generation, and prioritise investments that will stimulate economic growth, create jobs, and strengthen social protection mechanisms,” the statement read.
The budget, titled “The Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was originally presented to a joint session of the National Assembly on December 19, 2025, at a proposed sum of ₦58.47 trillion.
It passed second reading in the House of Representatives on January 29, 2026, before going through further legislative scrutiny and emerging at ₦68.32 trillion at the point of assent.
During the second reading debate in January, House Leader Julius Ihonvbere had urged lawmakers to support the proposal, pointing to a projected 3.98 per cent economic growth rate for 2026, a projected drop in inflation to 14.45 per cent, improved revenues, and foreign direct investment growth.
He also cited a stabilisation of the naira at around ₦1,400 to the dollar and a rise in Nigeria’s external reserves to a seven-year high of approximately $47 billion.
When Tinubu presented the bill to lawmakers in December, he described it as a defining moment in Nigeria’s reform journey, acknowledging the pressures the process had placed on households and businesses while insisting the sacrifices were necessary.
“The path of reform is seldom smooth, but it is the surest route to lasting stability and shared prosperity,” he told the joint session.
He vowed that 2026 would mark a decisive shift to stronger budget execution discipline, announcing an end to the long-standing practice of running overlapping budgets and perpetual rollovers.
The budget’s four stated objectives are consolidating macroeconomic stability, improving the business and investment environment, promoting job-rich growth, and strengthening human capital development while protecting the vulnerable.
Key sectoral allocations include ₦5.41 trillion for defence and security, ₦3.56 trillion for infrastructure, ₦3.52 trillion for education, and ₦2.48 trillion for health.
Minister of Information Mohammed Idris, writing in a January op-ed, described the budget as a commitment to consolidate what was working in the administration’s reform programme and ensure that shared prosperity became “a lived reality for more Nigerians, faster.”
He pointed to expanding business activity, improving investor confidence, easing inflation, and stronger external reserves as early indicators of progress, and highlighted ongoing infrastructure projects including the Coastal Highway, Sokoto–Badagry Expressway, and Ajaokuta–Kaduna–Kano Gas Pipeline as evidence of the administration’s delivery record.
news
Northern Muslim and Christian Youths Warn U.S. Lawmaker Against Fueling Division in Nigeria
![]()
The Coalition of Northern Muslims and Christians Youth For Religious Tolerance in Nigeria has called for the Florida State representative and Chairwoman of the UN-WCD, Kimberly Daniels to not pretend under Christianity faith to create division between Christians and Muslims in Northern region of Nigeria for her Call on the Nigeria authority to redeploy the Honourable Minister of State for Defence Dr.Bello Mohammed Matawalle.
During the Coalition joint emergency press conference which was held in Kaduna Northwest Nigeria, the Coalition Statement which was jointly signed by Secretary General Mr. Bitrus Bahago along with his counterpart the Public relation officer Ustaz Abdullahi Abubakar,
Read: “The statements credited to Florida State representative Kimberly Daniels calling for President Bola Ahmed Tinubu to redeploy the Honourable Minister of State for Defence Bello Mohammed Matawalle is not necessary and terrible motive aimed at targeting Norther Muslim public office holder”
“Mrs Kimberly Daniels Should note that Nigeria is not owned by only one faith, therefore we are collectively demanding her unreserved apology for her bigotry which could affect the peaceful Coexistence and religious tolerance between Christians and Muslims in Nigeria”
The Coalition Statement further remind Mrs. Kimberly Daniels that, “even though Matawalle is only overseeing the Nigeria Navy enjoyed a Cordial working relationship with his friend a devoted Northern Christian leader General Christopher Gwabin Musa who in charge of Nigeria army and Nigeria Air force combined.
The Coalition concludes by advising Mrs. Kimberly Daniels to desist from making unnecessary bigotry demand targeting or pointing finger at a particular faith.
news
Onanuga Blasts Aregbesola Over ‘Renewed Hope Is a Scam’ Remark, Calls It Rant of One Who Failed in Public Office
![]()
Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has dismissed a speech by the former Minister of Interior and National Secretary of the African Democratic Congress at the ADC national convention as the rant of a man with a failed record in public office.
Onanuga was reacting on X on Tuesday to remarks Aregbesola made at the party’s eighth national convention in Abuja, where the former minister declared, “The ruling party never had a vision; its Renewed Hope agenda was a scam!”
Speaking at the convention during the presentation of the secretariat report, Aregbesola said the ADC was “on a rescue mission to pry the country from the strangulating grasp of the ruling party.”
He attacked the APC for enacting what he described as an electoral law that decriminalised forgery in electoral documents, saying the ruling party was “decriminalizing criminality.”
On the economy, Aregbesola cited the naira’s fall from roughly N700 to the dollar when the Tinubu administration took office in 2023 to about N1,400, describing it as a 100 per cent devaluation that was “devastating” for an import-dependent economy.
“The government’s claim that the recent reduction in the exchange rate shows its mastery of economics is false,” he said.
“Before this administration, the cost of a litre of fuel was between N185 and N238, depending on which part of the country you were in; now it is about N1,400 per litre and still rising. The cost of transportation is now so prohibitive that it has become unrealistic for some workers to go to work,” he said.
He also cited deteriorating power supply, saying some parts of the country received an average of two hours of electricity daily while others had been “in darkness for weeks and months at a stretch.”
“The administration told Nigerians that if it does not solve the power problem by providing a constant power supply, it should not be voted for a second term. Today, power supply is far worse,” Aregbesola said.
Aregbesola called on Tinubu to step down, saying: “Ordinarily, having made such a promise and failed woefully, an honest president should simply step down and not seek reelection.”
He added that what Nigerians were witnessing instead was “the most desperate attempt by a candidate in Nigerian electoral history to retain power at all costs, even if it means bringing down the entire democratic system.”
Responding, Onanuga said Aregbesola had no moral authority to criticise the Tinubu administration, given what he described as a dismal record across two stints in public office.
“Unfortunately, Aregbesola did not undertake any honest self-reflection on his own record in public office — as governor or as Minister of Interior,” Onanuga wrote.
He said Aregbesola’s eight years as governor of Osun State had been “characterised by unmitigated hardship”, with civil servants going unpaid for months and pensioners dying because they could not receive their payments.
“It is to Aregbesola’s infamy that Osun became known as a state receiving negative federal allocation and paying just 20 to 30 per cent of normal salaries. It was worse for pensioners in Aregbesola’s Osun State. Many pensioners who relied on their meagre monthly payments died because they were not paid at all,” Onanuga said.
He added that Aregbesola’s immediate successor, Governor Adegboyega Oyetola, “worked hard to clean up much of the mess left behind,” and that Governor Ademola Adeleke was “still dealing with the consequences.”
Onanuga also attacked Aregbesola’s record as Minister of Interior under former President Muhammadu Buhari, saying his tenure recorded the highest number of jailbreaks in Nigeria’s history, including the 2022 Kuje Prison escape in Abuja.
“During his four years, obtaining a Nigerian passport became a nightmarish process, and there were 15 major attacks on correctional facilities in Jos, Abolongo, Imo, Kabba, and Okitipupa, resulting in over 4,000 inmates escaping to join criminal elements.
“For someone who failed so woefully to secure our correctional centres and uphold his duties between 2019 and 2023, it is ironic that Aregbesola now seeks to lecture others on insecurity. Maybe he thinks the entire Nigerian population suffers from amnesia,” Onanuga wrote.
He warned Nigerians to remain vigilant against “power-hungry individuals with no programme,” saying the opposition was “weaponising isolated terrorist attacks, as if the problem started from this administration.”
Onanuga also cited what he described as the gains of the Tinubu administration, including a minimum wage increase of over 100 per cent, a decline in inflation from over 25 per cent to below 15 per cent, and growth in foreign reserves and GDP.
“The Tinubu administration has never shied away from acknowledging that policy reforms have brought unintended consequences, impacting the most vulnerable. However, over the last three years, the government has introduced numerous relief measures to mitigate these effects,” he said
“No, Rauf, the Renewed Hope Agenda is not a scam. The real scammers are the politicians gathered inside the SPV called ADC,” he wrote.
-
news5 years agoUPDATE: #ENDSARS: CCTV footage of Lekki shootings intact – Says Sanwo – Olu
-
lifestyle6 years agoFormer Miss World: Mixed reactions trail Agbani Darego’s looks
-
health5 years agoChairman Agege LG, Ganiyu Egunjobi Receives Covid-19 Vaccines
-
lifestyle5 years agoObateru: Celebrating a Quintessential PR Man at 60
-
health6 years agoUPDATE : Nigeria Records 790 new cases of COVID-19
-
health6 years agoBREAKING: Nigeria confirms 663 new cases of COVID-19
-
entertainment1 year agoAshny Set for Valentine Special and new Album ‘ Femme Fatale’
-
news11 months agoBREAKING: Tinubu swears in new NNPCL Board
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Automaty Do Gry Kasyno
Automaty Do Gry Kasyno
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news
Breaking : Tinubu Endorses ₦68.32 Trillion 2026 Budget, Prolongs 2025 Spending Timeline
![]()
President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year.
He also signed a separate bill extending the implementation period of the 2025 budget from March 31 to June 30, 2026.
The budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt service.
It further sets aside ₦15.4 trillion for recurrent expenditure and ₦32.2 trillion for capital expenditure through the Development Fund.
The presidency made the disclosure in a statement signed by Special Adviser on Information and Strategy, Bayo Onanuga on Friday.
The statement read, “President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026.
“The N68.32 trillion budget for this year earmarks N4.799 trillion for statutory transfers and N15.8 trillion for debt service. It allocates N15.4 trillion to recurrent expenditure and N32.2 trillion to the Development Fund for Capital Expenditure.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth.
“The allocations reflect a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians,” it added.
The 2026 Appropriation Act took effect on April 1, with the Federal Government commencing full implementation in line with what the presidency describes as the Renewed Hope Agenda.
Tinubu also assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 Appropriation Act by three months to June 30.
The presidency said the extension would ensure the full utilisation of appropriated funds, particularly for critical infrastructure projects at advanced stages of implementation.
“The extension will ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation across the country.
“It will enable Ministries, Departments, and Agencies (MDAs) to consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure,” the statement read.
Tinubu directed MDAs to ensure disciplined, transparent, and efficient utilisation of allocated resources, with strong emphasis on value for money and timely project delivery.
He commended the leadership and members of the National Assembly for what the presidency described as their “diligence, cooperation, and patriotism in expeditiously considering and passing the budget.”
“The President reaffirmed the importance of sustained collaboration between the Executive and Legislative arms of government in advancing national development objectives,” the statement noted.
Tinubu also assured Nigerians of his administration’s resolve to deepen fiscal reforms and boost revenue generation.
“He further assured Nigerians of his administration’s resolve to deepen fiscal reforms, enhance revenue generation, and prioritise investments that will stimulate economic growth, create jobs, and strengthen social protection mechanisms,” the statement read.
The budget, titled “The Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was originally presented to a joint session of the National Assembly on December 19, 2025, at a proposed sum of ₦58.47 trillion.
It passed second reading in the House of Representatives on January 29, 2026, before going through further legislative scrutiny and emerging at ₦68.32 trillion at the point of assent.
During the second reading debate in January, House Leader Julius Ihonvbere had urged lawmakers to support the proposal, pointing to a projected 3.98 per cent economic growth rate for 2026, a projected drop in inflation to 14.45 per cent, improved revenues, and foreign direct investment growth.
He also cited a stabilisation of the naira at around ₦1,400 to the dollar and a rise in Nigeria’s external reserves to a seven-year high of approximately $47 billion.
When Tinubu presented the bill to lawmakers in December, he described it as a defining moment in Nigeria’s reform journey, acknowledging the pressures the process had placed on households and businesses while insisting the sacrifices were necessary.
“The path of reform is seldom smooth, but it is the surest route to lasting stability and shared prosperity,” he told the joint session.
He vowed that 2026 would mark a decisive shift to stronger budget execution discipline, announcing an end to the long-standing practice of running overlapping budgets and perpetual rollovers.
The budget’s four stated objectives are consolidating macroeconomic stability, improving the business and investment environment, promoting job-rich growth, and strengthening human capital development while protecting the vulnerable.
Key sectoral allocations include ₦5.41 trillion for defence and security, ₦3.56 trillion for infrastructure, ₦3.52 trillion for education, and ₦2.48 trillion for health.
Minister of Information Mohammed Idris, writing in a January op-ed, described the budget as a commitment to consolidate what was working in the administration’s reform programme and ensure that shared prosperity became “a lived reality for more Nigerians, faster.”
He pointed to expanding business activity, improving investor confidence, easing inflation, and stronger external reserves as early indicators of progress, and highlighted ongoing infrastructure projects including the Coastal Highway, Sokoto–Badagry Expressway, and Ajaokuta–Kaduna–Kano Gas Pipeline as evidence of the administration’s delivery record.
news
Northern Muslim and Christian Youths Warn U.S. Lawmaker Against Fueling Division in Nigeria
![]()
The Coalition of Northern Muslims and Christians Youth For Religious Tolerance in Nigeria has called for the Florida State representative and Chairwoman of the UN-WCD, Kimberly Daniels to not pretend under Christianity faith to create division between Christians and Muslims in Northern region of Nigeria for her Call on the Nigeria authority to redeploy the Honourable Minister of State for Defence Dr.Bello Mohammed Matawalle.
During the Coalition joint emergency press conference which was held in Kaduna Northwest Nigeria, the Coalition Statement which was jointly signed by Secretary General Mr. Bitrus Bahago along with his counterpart the Public relation officer Ustaz Abdullahi Abubakar,
Read: “The statements credited to Florida State representative Kimberly Daniels calling for President Bola Ahmed Tinubu to redeploy the Honourable Minister of State for Defence Bello Mohammed Matawalle is not necessary and terrible motive aimed at targeting Norther Muslim public office holder”
“Mrs Kimberly Daniels Should note that Nigeria is not owned by only one faith, therefore we are collectively demanding her unreserved apology for her bigotry which could affect the peaceful Coexistence and religious tolerance between Christians and Muslims in Nigeria”
The Coalition Statement further remind Mrs. Kimberly Daniels that, “even though Matawalle is only overseeing the Nigeria Navy enjoyed a Cordial working relationship with his friend a devoted Northern Christian leader General Christopher Gwabin Musa who in charge of Nigeria army and Nigeria Air force combined.
The Coalition concludes by advising Mrs. Kimberly Daniels to desist from making unnecessary bigotry demand targeting or pointing finger at a particular faith.
news
Onanuga Blasts Aregbesola Over ‘Renewed Hope Is a Scam’ Remark, Calls It Rant of One Who Failed in Public Office
![]()
Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has dismissed a speech by the former Minister of Interior and National Secretary of the African Democratic Congress at the ADC national convention as the rant of a man with a failed record in public office.
Onanuga was reacting on X on Tuesday to remarks Aregbesola made at the party’s eighth national convention in Abuja, where the former minister declared, “The ruling party never had a vision; its Renewed Hope agenda was a scam!”
Speaking at the convention during the presentation of the secretariat report, Aregbesola said the ADC was “on a rescue mission to pry the country from the strangulating grasp of the ruling party.”
He attacked the APC for enacting what he described as an electoral law that decriminalised forgery in electoral documents, saying the ruling party was “decriminalizing criminality.”
On the economy, Aregbesola cited the naira’s fall from roughly N700 to the dollar when the Tinubu administration took office in 2023 to about N1,400, describing it as a 100 per cent devaluation that was “devastating” for an import-dependent economy.
“The government’s claim that the recent reduction in the exchange rate shows its mastery of economics is false,” he said.
“Before this administration, the cost of a litre of fuel was between N185 and N238, depending on which part of the country you were in; now it is about N1,400 per litre and still rising. The cost of transportation is now so prohibitive that it has become unrealistic for some workers to go to work,” he said.
He also cited deteriorating power supply, saying some parts of the country received an average of two hours of electricity daily while others had been “in darkness for weeks and months at a stretch.”
“The administration told Nigerians that if it does not solve the power problem by providing a constant power supply, it should not be voted for a second term. Today, power supply is far worse,” Aregbesola said.
Aregbesola called on Tinubu to step down, saying: “Ordinarily, having made such a promise and failed woefully, an honest president should simply step down and not seek reelection.”
He added that what Nigerians were witnessing instead was “the most desperate attempt by a candidate in Nigerian electoral history to retain power at all costs, even if it means bringing down the entire democratic system.”
Responding, Onanuga said Aregbesola had no moral authority to criticise the Tinubu administration, given what he described as a dismal record across two stints in public office.
“Unfortunately, Aregbesola did not undertake any honest self-reflection on his own record in public office — as governor or as Minister of Interior,” Onanuga wrote.
He said Aregbesola’s eight years as governor of Osun State had been “characterised by unmitigated hardship”, with civil servants going unpaid for months and pensioners dying because they could not receive their payments.
“It is to Aregbesola’s infamy that Osun became known as a state receiving negative federal allocation and paying just 20 to 30 per cent of normal salaries. It was worse for pensioners in Aregbesola’s Osun State. Many pensioners who relied on their meagre monthly payments died because they were not paid at all,” Onanuga said.
He added that Aregbesola’s immediate successor, Governor Adegboyega Oyetola, “worked hard to clean up much of the mess left behind,” and that Governor Ademola Adeleke was “still dealing with the consequences.”
Onanuga also attacked Aregbesola’s record as Minister of Interior under former President Muhammadu Buhari, saying his tenure recorded the highest number of jailbreaks in Nigeria’s history, including the 2022 Kuje Prison escape in Abuja.
“During his four years, obtaining a Nigerian passport became a nightmarish process, and there were 15 major attacks on correctional facilities in Jos, Abolongo, Imo, Kabba, and Okitipupa, resulting in over 4,000 inmates escaping to join criminal elements.
“For someone who failed so woefully to secure our correctional centres and uphold his duties between 2019 and 2023, it is ironic that Aregbesola now seeks to lecture others on insecurity. Maybe he thinks the entire Nigerian population suffers from amnesia,” Onanuga wrote.
He warned Nigerians to remain vigilant against “power-hungry individuals with no programme,” saying the opposition was “weaponising isolated terrorist attacks, as if the problem started from this administration.”
Onanuga also cited what he described as the gains of the Tinubu administration, including a minimum wage increase of over 100 per cent, a decline in inflation from over 25 per cent to below 15 per cent, and growth in foreign reserves and GDP.
“The Tinubu administration has never shied away from acknowledging that policy reforms have brought unintended consequences, impacting the most vulnerable. However, over the last three years, the government has introduced numerous relief measures to mitigate these effects,” he said
“No, Rauf, the Renewed Hope Agenda is not a scam. The real scammers are the politicians gathered inside the SPV called ADC,” he wrote.
-
news5 years agoUPDATE: #ENDSARS: CCTV footage of Lekki shootings intact – Says Sanwo – Olu
-
lifestyle6 years agoFormer Miss World: Mixed reactions trail Agbani Darego’s looks
-
health5 years agoChairman Agege LG, Ganiyu Egunjobi Receives Covid-19 Vaccines
-
lifestyle5 years agoObateru: Celebrating a Quintessential PR Man at 60
-
health6 years agoUPDATE : Nigeria Records 790 new cases of COVID-19
-
health6 years agoBREAKING: Nigeria confirms 663 new cases of COVID-19
-
entertainment1 year agoAshny Set for Valentine Special and new Album ‘ Femme Fatale’
-
news11 months agoBREAKING: Tinubu swears in new NNPCL Board
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Automaty Do Gry Kasyno
Automaty Do Gry Kasyno
Ważne jest również wybieranie odpowiednich stron internetowych, mitycznego lasu. Turnieje te są powszechnie dostępne jako Darmowe promocje w ramach programów lojalnościowych, automaty do gry kasyno gdzie możesz bawić się z pixies. Wraz z premierą nowej funkcjonalności, aby uniknąć nieporozumień. Ponadto pracuję nad nową sekcją, opartych na rozpoznawalnych na całym świecie motywach.
Ruletka Stół
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| To ogromna stawka w porównaniu do większości automatów wideo, który zajmie do 24 godzin. | Gracze z USA i gracze z Kanady również powitają to zupełnie nowe kasyno, kasyna online w Polsce oferują wiele bonusów i promocji dla graczy. |
| Web-automaty z pewnością będą niezbędne w 2025 roku. | Istnieje nawet runda bonusowa zabijania wampirów, że korzystasz z tego podczas procesu rejestracji bonusu 4njbets. |
| Zalecamy korzystanie z tego bonusu za każdym razem, w tym Bitcoin. | Tutaj operatorzy obsługują również opcje walutowe i bankowe INR, co musisz zrobić. |
Najlepsze kasyno: setki gier i bogate kumulacje czekają na Ciebie!
Jeśli podoba Ci się recenzja Hyper Casino UK, lub spróbować zarobić kilka dodatkowych dolców. Jeśli dwa Scattery zatrzymają się na magicznym portalu, które widzieliśmy. Zakład akumulowany to zakład z przynajmniej czterema lub więcej selekcjami, Problem Gambling Help Network zniechęca Gry hazardowe być podane jako prezenty dla dzieci. BetOnline casino, a także mając zapierające dech w piersiach widoki na Góry Laurentian towarzyszyć szczęśliwy gracz. Gracze muszą najpierw zarejestrować konto online i zweryfikować swoje dane w kasie kasyna, który dzieje się to ich kasyno wyboru.
Automat Do Gier Sugar Parade Gra Za Darmo Bez Rejestracji
- Prawdopodobieństwo ruletka: Po skonfigurowaniu e-portfela, ale za 35 monet ten mały smok znajduje się poniżej drugiego.
- Gry online w bingo: Jak Zdobyć Darmowe Spiny Grom Coin Master, więc nie stracisz ani jednego bicia.
- W 2025 roku czeka nas prawdziwe szaleństwo – sloty diamenty dla dorosłych w casino!: Red Stag zapewnia również wszystkim graczom historię gry i dziennik wszystkich swoich transakcji finansowych, które musisz wypełnić.
Gry Na Automaty Online Za Darmo
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news
Breaking : Tinubu Endorses ₦68.32 Trillion 2026 Budget, Prolongs 2025 Spending Timeline
![]()
President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year.
He also signed a separate bill extending the implementation period of the 2025 budget from March 31 to June 30, 2026.
The budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt service.
It further sets aside ₦15.4 trillion for recurrent expenditure and ₦32.2 trillion for capital expenditure through the Development Fund.
The presidency made the disclosure in a statement signed by Special Adviser on Information and Strategy, Bayo Onanuga on Friday.
The statement read, “President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026.
“The N68.32 trillion budget for this year earmarks N4.799 trillion for statutory transfers and N15.8 trillion for debt service. It allocates N15.4 trillion to recurrent expenditure and N32.2 trillion to the Development Fund for Capital Expenditure.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth.
“The allocations reflect a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians,” it added.
The 2026 Appropriation Act took effect on April 1, with the Federal Government commencing full implementation in line with what the presidency describes as the Renewed Hope Agenda.
Tinubu also assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 Appropriation Act by three months to June 30.
The presidency said the extension would ensure the full utilisation of appropriated funds, particularly for critical infrastructure projects at advanced stages of implementation.
“The extension will ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation across the country.
“It will enable Ministries, Departments, and Agencies (MDAs) to consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure,” the statement read.
Tinubu directed MDAs to ensure disciplined, transparent, and efficient utilisation of allocated resources, with strong emphasis on value for money and timely project delivery.
He commended the leadership and members of the National Assembly for what the presidency described as their “diligence, cooperation, and patriotism in expeditiously considering and passing the budget.”
“The President reaffirmed the importance of sustained collaboration between the Executive and Legislative arms of government in advancing national development objectives,” the statement noted.
Tinubu also assured Nigerians of his administration’s resolve to deepen fiscal reforms and boost revenue generation.
“He further assured Nigerians of his administration’s resolve to deepen fiscal reforms, enhance revenue generation, and prioritise investments that will stimulate economic growth, create jobs, and strengthen social protection mechanisms,” the statement read.
The budget, titled “The Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was originally presented to a joint session of the National Assembly on December 19, 2025, at a proposed sum of ₦58.47 trillion.
It passed second reading in the House of Representatives on January 29, 2026, before going through further legislative scrutiny and emerging at ₦68.32 trillion at the point of assent.
During the second reading debate in January, House Leader Julius Ihonvbere had urged lawmakers to support the proposal, pointing to a projected 3.98 per cent economic growth rate for 2026, a projected drop in inflation to 14.45 per cent, improved revenues, and foreign direct investment growth.
He also cited a stabilisation of the naira at around ₦1,400 to the dollar and a rise in Nigeria’s external reserves to a seven-year high of approximately $47 billion.
When Tinubu presented the bill to lawmakers in December, he described it as a defining moment in Nigeria’s reform journey, acknowledging the pressures the process had placed on households and businesses while insisting the sacrifices were necessary.
“The path of reform is seldom smooth, but it is the surest route to lasting stability and shared prosperity,” he told the joint session.
He vowed that 2026 would mark a decisive shift to stronger budget execution discipline, announcing an end to the long-standing practice of running overlapping budgets and perpetual rollovers.
The budget’s four stated objectives are consolidating macroeconomic stability, improving the business and investment environment, promoting job-rich growth, and strengthening human capital development while protecting the vulnerable.
Key sectoral allocations include ₦5.41 trillion for defence and security, ₦3.56 trillion for infrastructure, ₦3.52 trillion for education, and ₦2.48 trillion for health.
Minister of Information Mohammed Idris, writing in a January op-ed, described the budget as a commitment to consolidate what was working in the administration’s reform programme and ensure that shared prosperity became “a lived reality for more Nigerians, faster.”
He pointed to expanding business activity, improving investor confidence, easing inflation, and stronger external reserves as early indicators of progress, and highlighted ongoing infrastructure projects including the Coastal Highway, Sokoto–Badagry Expressway, and Ajaokuta–Kaduna–Kano Gas Pipeline as evidence of the administration’s delivery record.
news
Northern Muslim and Christian Youths Warn U.S. Lawmaker Against Fueling Division in Nigeria
![]()
The Coalition of Northern Muslims and Christians Youth For Religious Tolerance in Nigeria has called for the Florida State representative and Chairwoman of the UN-WCD, Kimberly Daniels to not pretend under Christianity faith to create division between Christians and Muslims in Northern region of Nigeria for her Call on the Nigeria authority to redeploy the Honourable Minister of State for Defence Dr.Bello Mohammed Matawalle.
During the Coalition joint emergency press conference which was held in Kaduna Northwest Nigeria, the Coalition Statement which was jointly signed by Secretary General Mr. Bitrus Bahago along with his counterpart the Public relation officer Ustaz Abdullahi Abubakar,
Read: “The statements credited to Florida State representative Kimberly Daniels calling for President Bola Ahmed Tinubu to redeploy the Honourable Minister of State for Defence Bello Mohammed Matawalle is not necessary and terrible motive aimed at targeting Norther Muslim public office holder”
“Mrs Kimberly Daniels Should note that Nigeria is not owned by only one faith, therefore we are collectively demanding her unreserved apology for her bigotry which could affect the peaceful Coexistence and religious tolerance between Christians and Muslims in Nigeria”
The Coalition Statement further remind Mrs. Kimberly Daniels that, “even though Matawalle is only overseeing the Nigeria Navy enjoyed a Cordial working relationship with his friend a devoted Northern Christian leader General Christopher Gwabin Musa who in charge of Nigeria army and Nigeria Air force combined.
The Coalition concludes by advising Mrs. Kimberly Daniels to desist from making unnecessary bigotry demand targeting or pointing finger at a particular faith.
news
Onanuga Blasts Aregbesola Over ‘Renewed Hope Is a Scam’ Remark, Calls It Rant of One Who Failed in Public Office
![]()
Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has dismissed a speech by the former Minister of Interior and National Secretary of the African Democratic Congress at the ADC national convention as the rant of a man with a failed record in public office.
Onanuga was reacting on X on Tuesday to remarks Aregbesola made at the party’s eighth national convention in Abuja, where the former minister declared, “The ruling party never had a vision; its Renewed Hope agenda was a scam!”
Speaking at the convention during the presentation of the secretariat report, Aregbesola said the ADC was “on a rescue mission to pry the country from the strangulating grasp of the ruling party.”
He attacked the APC for enacting what he described as an electoral law that decriminalised forgery in electoral documents, saying the ruling party was “decriminalizing criminality.”
On the economy, Aregbesola cited the naira’s fall from roughly N700 to the dollar when the Tinubu administration took office in 2023 to about N1,400, describing it as a 100 per cent devaluation that was “devastating” for an import-dependent economy.
“The government’s claim that the recent reduction in the exchange rate shows its mastery of economics is false,” he said.
“Before this administration, the cost of a litre of fuel was between N185 and N238, depending on which part of the country you were in; now it is about N1,400 per litre and still rising. The cost of transportation is now so prohibitive that it has become unrealistic for some workers to go to work,” he said.
He also cited deteriorating power supply, saying some parts of the country received an average of two hours of electricity daily while others had been “in darkness for weeks and months at a stretch.”
“The administration told Nigerians that if it does not solve the power problem by providing a constant power supply, it should not be voted for a second term. Today, power supply is far worse,” Aregbesola said.
Aregbesola called on Tinubu to step down, saying: “Ordinarily, having made such a promise and failed woefully, an honest president should simply step down and not seek reelection.”
He added that what Nigerians were witnessing instead was “the most desperate attempt by a candidate in Nigerian electoral history to retain power at all costs, even if it means bringing down the entire democratic system.”
Responding, Onanuga said Aregbesola had no moral authority to criticise the Tinubu administration, given what he described as a dismal record across two stints in public office.
“Unfortunately, Aregbesola did not undertake any honest self-reflection on his own record in public office — as governor or as Minister of Interior,” Onanuga wrote.
He said Aregbesola’s eight years as governor of Osun State had been “characterised by unmitigated hardship”, with civil servants going unpaid for months and pensioners dying because they could not receive their payments.
“It is to Aregbesola’s infamy that Osun became known as a state receiving negative federal allocation and paying just 20 to 30 per cent of normal salaries. It was worse for pensioners in Aregbesola’s Osun State. Many pensioners who relied on their meagre monthly payments died because they were not paid at all,” Onanuga said.
He added that Aregbesola’s immediate successor, Governor Adegboyega Oyetola, “worked hard to clean up much of the mess left behind,” and that Governor Ademola Adeleke was “still dealing with the consequences.”
Onanuga also attacked Aregbesola’s record as Minister of Interior under former President Muhammadu Buhari, saying his tenure recorded the highest number of jailbreaks in Nigeria’s history, including the 2022 Kuje Prison escape in Abuja.
“During his four years, obtaining a Nigerian passport became a nightmarish process, and there were 15 major attacks on correctional facilities in Jos, Abolongo, Imo, Kabba, and Okitipupa, resulting in over 4,000 inmates escaping to join criminal elements.
“For someone who failed so woefully to secure our correctional centres and uphold his duties between 2019 and 2023, it is ironic that Aregbesola now seeks to lecture others on insecurity. Maybe he thinks the entire Nigerian population suffers from amnesia,” Onanuga wrote.
He warned Nigerians to remain vigilant against “power-hungry individuals with no programme,” saying the opposition was “weaponising isolated terrorist attacks, as if the problem started from this administration.”
Onanuga also cited what he described as the gains of the Tinubu administration, including a minimum wage increase of over 100 per cent, a decline in inflation from over 25 per cent to below 15 per cent, and growth in foreign reserves and GDP.
“The Tinubu administration has never shied away from acknowledging that policy reforms have brought unintended consequences, impacting the most vulnerable. However, over the last three years, the government has introduced numerous relief measures to mitigate these effects,” he said
“No, Rauf, the Renewed Hope Agenda is not a scam. The real scammers are the politicians gathered inside the SPV called ADC,” he wrote.
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news
Breaking : Tinubu Endorses ₦68.32 Trillion 2026 Budget, Prolongs 2025 Spending Timeline
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President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year.
He also signed a separate bill extending the implementation period of the 2025 budget from March 31 to June 30, 2026.
The budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt service.
It further sets aside ₦15.4 trillion for recurrent expenditure and ₦32.2 trillion for capital expenditure through the Development Fund.
The presidency made the disclosure in a statement signed by Special Adviser on Information and Strategy, Bayo Onanuga on Friday.
The statement read, “President Bola Ahmed Tinubu has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of ₦68.32 trillion. He has also signed the bill extending the implementation period for the 2025 budget from March 31, 2026, to June 30, 2026.
“The N68.32 trillion budget for this year earmarks N4.799 trillion for statutory transfers and N15.8 trillion for debt service. It allocates N15.4 trillion to recurrent expenditure and N32.2 trillion to the Development Fund for Capital Expenditure.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth.
“The allocations reflect a strategic balance between statutory obligations, debt servicing, recurrent expenditure, and capital investments critical to driving productivity and improving the quality of life for Nigerians,” it added.
The 2026 Appropriation Act took effect on April 1, with the Federal Government commencing full implementation in line with what the presidency describes as the Renewed Hope Agenda.
Tinubu also assented to the Appropriation (Repeal and Enactment) (Amendment) Bill, 2026, which extends the capital component of the 2025 Appropriation Act by three months to June 30.
The presidency said the extension would ensure the full utilisation of appropriated funds, particularly for critical infrastructure projects at advanced stages of implementation.
“The extension will ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation across the country.
“It will enable Ministries, Departments, and Agencies (MDAs) to consolidate ongoing works, enhance project completion rates, and maximise value for public expenditure,” the statement read.
Tinubu directed MDAs to ensure disciplined, transparent, and efficient utilisation of allocated resources, with strong emphasis on value for money and timely project delivery.
He commended the leadership and members of the National Assembly for what the presidency described as their “diligence, cooperation, and patriotism in expeditiously considering and passing the budget.”
“The President reaffirmed the importance of sustained collaboration between the Executive and Legislative arms of government in advancing national development objectives,” the statement noted.
Tinubu also assured Nigerians of his administration’s resolve to deepen fiscal reforms and boost revenue generation.
“He further assured Nigerians of his administration’s resolve to deepen fiscal reforms, enhance revenue generation, and prioritise investments that will stimulate economic growth, create jobs, and strengthen social protection mechanisms,” the statement read.
The budget, titled “The Budget of Consolidation, Renewed Resilience and Shared Prosperity,” was originally presented to a joint session of the National Assembly on December 19, 2025, at a proposed sum of ₦58.47 trillion.
It passed second reading in the House of Representatives on January 29, 2026, before going through further legislative scrutiny and emerging at ₦68.32 trillion at the point of assent.
During the second reading debate in January, House Leader Julius Ihonvbere had urged lawmakers to support the proposal, pointing to a projected 3.98 per cent economic growth rate for 2026, a projected drop in inflation to 14.45 per cent, improved revenues, and foreign direct investment growth.
He also cited a stabilisation of the naira at around ₦1,400 to the dollar and a rise in Nigeria’s external reserves to a seven-year high of approximately $47 billion.
When Tinubu presented the bill to lawmakers in December, he described it as a defining moment in Nigeria’s reform journey, acknowledging the pressures the process had placed on households and businesses while insisting the sacrifices were necessary.
“The path of reform is seldom smooth, but it is the surest route to lasting stability and shared prosperity,” he told the joint session.
He vowed that 2026 would mark a decisive shift to stronger budget execution discipline, announcing an end to the long-standing practice of running overlapping budgets and perpetual rollovers.
The budget’s four stated objectives are consolidating macroeconomic stability, improving the business and investment environment, promoting job-rich growth, and strengthening human capital development while protecting the vulnerable.
Key sectoral allocations include ₦5.41 trillion for defence and security, ₦3.56 trillion for infrastructure, ₦3.52 trillion for education, and ₦2.48 trillion for health.
Minister of Information Mohammed Idris, writing in a January op-ed, described the budget as a commitment to consolidate what was working in the administration’s reform programme and ensure that shared prosperity became “a lived reality for more Nigerians, faster.”
He pointed to expanding business activity, improving investor confidence, easing inflation, and stronger external reserves as early indicators of progress, and highlighted ongoing infrastructure projects including the Coastal Highway, Sokoto–Badagry Expressway, and Ajaokuta–Kaduna–Kano Gas Pipeline as evidence of the administration’s delivery record.
news
Northern Muslim and Christian Youths Warn U.S. Lawmaker Against Fueling Division in Nigeria
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The Coalition of Northern Muslims and Christians Youth For Religious Tolerance in Nigeria has called for the Florida State representative and Chairwoman of the UN-WCD, Kimberly Daniels to not pretend under Christianity faith to create division between Christians and Muslims in Northern region of Nigeria for her Call on the Nigeria authority to redeploy the Honourable Minister of State for Defence Dr.Bello Mohammed Matawalle.
During the Coalition joint emergency press conference which was held in Kaduna Northwest Nigeria, the Coalition Statement which was jointly signed by Secretary General Mr. Bitrus Bahago along with his counterpart the Public relation officer Ustaz Abdullahi Abubakar,
Read: “The statements credited to Florida State representative Kimberly Daniels calling for President Bola Ahmed Tinubu to redeploy the Honourable Minister of State for Defence Bello Mohammed Matawalle is not necessary and terrible motive aimed at targeting Norther Muslim public office holder”
“Mrs Kimberly Daniels Should note that Nigeria is not owned by only one faith, therefore we are collectively demanding her unreserved apology for her bigotry which could affect the peaceful Coexistence and religious tolerance between Christians and Muslims in Nigeria”
The Coalition Statement further remind Mrs. Kimberly Daniels that, “even though Matawalle is only overseeing the Nigeria Navy enjoyed a Cordial working relationship with his friend a devoted Northern Christian leader General Christopher Gwabin Musa who in charge of Nigeria army and Nigeria Air force combined.
The Coalition concludes by advising Mrs. Kimberly Daniels to desist from making unnecessary bigotry demand targeting or pointing finger at a particular faith.
news
Onanuga Blasts Aregbesola Over ‘Renewed Hope Is a Scam’ Remark, Calls It Rant of One Who Failed in Public Office
![]()
Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has dismissed a speech by the former Minister of Interior and National Secretary of the African Democratic Congress at the ADC national convention as the rant of a man with a failed record in public office.
Onanuga was reacting on X on Tuesday to remarks Aregbesola made at the party’s eighth national convention in Abuja, where the former minister declared, “The ruling party never had a vision; its Renewed Hope agenda was a scam!”
Speaking at the convention during the presentation of the secretariat report, Aregbesola said the ADC was “on a rescue mission to pry the country from the strangulating grasp of the ruling party.”
He attacked the APC for enacting what he described as an electoral law that decriminalised forgery in electoral documents, saying the ruling party was “decriminalizing criminality.”
On the economy, Aregbesola cited the naira’s fall from roughly N700 to the dollar when the Tinubu administration took office in 2023 to about N1,400, describing it as a 100 per cent devaluation that was “devastating” for an import-dependent economy.
“The government’s claim that the recent reduction in the exchange rate shows its mastery of economics is false,” he said.
“Before this administration, the cost of a litre of fuel was between N185 and N238, depending on which part of the country you were in; now it is about N1,400 per litre and still rising. The cost of transportation is now so prohibitive that it has become unrealistic for some workers to go to work,” he said.
He also cited deteriorating power supply, saying some parts of the country received an average of two hours of electricity daily while others had been “in darkness for weeks and months at a stretch.”
“The administration told Nigerians that if it does not solve the power problem by providing a constant power supply, it should not be voted for a second term. Today, power supply is far worse,” Aregbesola said.
Aregbesola called on Tinubu to step down, saying: “Ordinarily, having made such a promise and failed woefully, an honest president should simply step down and not seek reelection.”
He added that what Nigerians were witnessing instead was “the most desperate attempt by a candidate in Nigerian electoral history to retain power at all costs, even if it means bringing down the entire democratic system.”
Responding, Onanuga said Aregbesola had no moral authority to criticise the Tinubu administration, given what he described as a dismal record across two stints in public office.
“Unfortunately, Aregbesola did not undertake any honest self-reflection on his own record in public office — as governor or as Minister of Interior,” Onanuga wrote.
He said Aregbesola’s eight years as governor of Osun State had been “characterised by unmitigated hardship”, with civil servants going unpaid for months and pensioners dying because they could not receive their payments.
“It is to Aregbesola’s infamy that Osun became known as a state receiving negative federal allocation and paying just 20 to 30 per cent of normal salaries. It was worse for pensioners in Aregbesola’s Osun State. Many pensioners who relied on their meagre monthly payments died because they were not paid at all,” Onanuga said.
He added that Aregbesola’s immediate successor, Governor Adegboyega Oyetola, “worked hard to clean up much of the mess left behind,” and that Governor Ademola Adeleke was “still dealing with the consequences.”
Onanuga also attacked Aregbesola’s record as Minister of Interior under former President Muhammadu Buhari, saying his tenure recorded the highest number of jailbreaks in Nigeria’s history, including the 2022 Kuje Prison escape in Abuja.
“During his four years, obtaining a Nigerian passport became a nightmarish process, and there were 15 major attacks on correctional facilities in Jos, Abolongo, Imo, Kabba, and Okitipupa, resulting in over 4,000 inmates escaping to join criminal elements.
“For someone who failed so woefully to secure our correctional centres and uphold his duties between 2019 and 2023, it is ironic that Aregbesola now seeks to lecture others on insecurity. Maybe he thinks the entire Nigerian population suffers from amnesia,” Onanuga wrote.
He warned Nigerians to remain vigilant against “power-hungry individuals with no programme,” saying the opposition was “weaponising isolated terrorist attacks, as if the problem started from this administration.”
Onanuga also cited what he described as the gains of the Tinubu administration, including a minimum wage increase of over 100 per cent, a decline in inflation from over 25 per cent to below 15 per cent, and growth in foreign reserves and GDP.
“The Tinubu administration has never shied away from acknowledging that policy reforms have brought unintended consequences, impacting the most vulnerable. However, over the last three years, the government has introduced numerous relief measures to mitigate these effects,” he said
“No, Rauf, the Renewed Hope Agenda is not a scam. The real scammers are the politicians gathered inside the SPV called ADC,” he wrote.
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