President Bola Tinubu has presented the 58.18 Trillion 2026 Appropriation Bill to the National Assembly. The budget is designed to turn economic stabilization into actual improved living standards.
β
The Budget Overview:
β’ βTotal Expenditure (Spending): β¦58.18 Trillion
β’ βProjected Revenue (Earnings):β¦34.33 Trillion
β’ βThe Gap(Deficit): β¦23.85 Trillion (to be funded through strategic borrowing).
Where is the money going?
Security: β¦5.41T (Modernizing our Armed Forces & intelligence).
Infrastructure: β¦3.56T (Finishing ongoing road and rail projects).
Education: β¦3.52T (Strengthening human capital & Student Loans).
Health: β¦2.48T (Disease prevention & maternal health).
βWhy the borrowing?
The budget allocates 26.08 Trillion to Capital Projects. The strategy is to use borrowed funds alongside revenue to invest in infrastructure that creates jobs and long term wealth.
β
Key Economic Targets:
Exchange Rate: β¦1,400/$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
βThe 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.