President Bola Ahmed Tinubu on Wednesday presented the 2026 Appropriation Bill totalling ₦58.47trillion to a joint session of the National Assembly in Abuja, with defence and security receiving the largest sectoral allocation.
The budget, themed “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” outlines major spending priorities across key national sectors including infrastructure, education, healthcare, and economic development.
According to details from Sahara Reporters, the defence and security sector received ₦5.41trillion — the highest share of the total budget — signalling the administration’s continued focus on addressing terrorism, banditry, and violent crimes across the country.
Other major allocations include:
- Infrastructure: ₦3.56trillion
- Education: ₦3.52trillion
- Healthcare: ₦2.48trillion
- Capital expenditure: ₦26.08trillion
- Recurrent (non-debt): ₦15.25trillion
President Tinubu noted that the budget was built on macroeconomic assumptions including a crude oil benchmark price of US$64.85 per barrel, expected daily oil production of 1.84 million barrels, and an exchange rate of ₦1,400 to US$1.
He stated that the focus of the proposal is to strengthen ongoing reforms, consolidate economic stability, improve national security architecture, and expand critical infrastructure to drive sustainable growth.
The 2026 Appropriation Bill has now been forwarded to the National Assembly for legislative consideration, debate, and passage.
