SUN DEC 21 2025-theGBJournal| President Bola Tinubu on Friday presented the N58.18 trillion 2026 Appropriation Bill to the National Assembly.
According to the Federal Government, the budget is designed to turn economic stabilization into actual improved living standards.
The Budget Overview:
-Total Expenditure (Spending):N58.18 trillion
-Projected Revenue (Earnings):N34.33 trillion
-The Gap(Deficit):N23.85 trillion (to be funded through strategic borrowing).
Where is the money going?
Security: N5.41 trillion (Modernizing our Armed Forces & intelligence).
Infrastructure: N3.56 trillion (Finishing ongoing road and rail projects).
Education: N3.52 trillion (Strengthening human capital & Student Loans).
Health: N2.48 trillion (Disease prevention & maternal health).
Why the borrowing?
The budget allocates N26.08 trillion to Capital Projects. The strategy is to use borrowed funds alongside revenue to invest in infrastructure that creates jobs and long term wealth.
Key Economic Targets:
Exchange Rate: N1,400/$1
Oil Production: 1.84 Million Barrels/Day
Inflation Target: Easing to 14.45% as at November 2025
The priorities of the government include:
1. To Consolidate macroeconomic stability
2. To Promote job rich, inclusive growth
3. To Strengthen human capital and social protection
4. Improve the business and investment environment
5. Ensure fiscal discipline, transparency, and value for money spending
The Goal:
2026 is set to be the year we move from fixing the foundation to building the house. By sticking to a single revenue cycle and ending overlapping budgets, the focus is now on results and accountability.
According to Bayo Onanuga, the President’s Special Adviser, Information and Strategy, these numbers are not mere accounting lines.
”They are a statement of national priorities. We remain firmly committed to fiscal sustainability, debt transparency, and value‑for‑money spending.”
The 2026–2028 Medium‑Term Expenditure Framework and Fiscal Strategy Paper sets the parameters for this Budget. We will continue to reduce waste, strengthen controls, and ensure that every naira borrowed or spent delivers measurable public value.”
He adds that these priorities are interlinked. Without security, investment will not thrive.
”Without educated and healthy citizens, productivity will not rise. Without infrastructure, jobs and enterprises will not scale. This Budget is, therefore, designed to provide a single, coherent programme of national renewal.”
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