By Abbanobi -Eku Onyeka
President Bola Ahmed Tinubu presented the 2026 Appropriation Bill to the National Assembly, emphasizing a budget focused on security, human capital, and infrastructure development.
The budget revenue, expenditure and deficit are N34.33tr, N58.33 and N23.85 trillion respectively (4.28% of the GDP).
However, N5.41tr, N3.56tr, N3.52 trillion, and N2.48 trillion were allocated to security, infrastructure, education and health respectively.
The budget was therefore based on:
crude oil benchmark at $64.85 per barrel, production: 1.84 million barrels per day, while exchange rate, N1,400 to the US Dollar
In his speech, President Tinubu highlighted economic reforms yielding results, including 3.98% GDP growth in Q3 2025 and moderating inflation. He directed improved budget execution, focusing on completing priority projects and strengthening revenue mobilization.
Senate President Godswill Akpabio welcomed the President, praising collaboration between the executive and legislature. Akpabio noted the National Assembly’s legislative output, including bills on security, economic reform, and governance.
The National Assembly assured prompt consideration of the budget, emphasizing security, economic growth, and national development.
“This is a reset, a very hard one. Nigeria does not retreat in the face of difficulty, we confront it.The 2026 budget is a budget of consolidation, renewed resilience, and shared prosperity” says President Tinubu.
