In an update published by **The Punch**, President Bola Tinubu has formally signed the 2026 Appropriation Act into law, authorizing a record-breaking expenditure of N68.32 trillion. This fiscal roadmap marks the largest budget in the nation’s history, with approximately 47% allocated to capital projects through the Development Fund. To ensure no projects are abandoned, the President also extended the implementation window of the 2025 capital budget until June 30, 2026.
The 2026 budget arrives amidst significant structural reforms, including a transition to new tax laws and the continued effects of fuel subsidy removal. Government officials state that the primary focus of this spending plan is to consolidate infrastructure gains while managing a debt servicing obligation projected at N15.8 trillion. The President has directed all ministries to prioritize “value for money” and maintain strict discipline in resource allocation.
**Vanguard** confirmed the signing, reporting that “the extension of the 2025 budget will enable MDAs to consolidate ongoing projects.” Meanwhile, **Daily Post** highlighted the scale of the plan, noting that “President Tinubu signed the N68.32tn budget to drive economic growth and job creation.”
**Echotitbits take:** This “Budget of Consolidation” is a massive gamble on infrastructure-led growth. While the capital expenditure ratio is healthy, the real test lies in whether the government can meet its aggressive revenue targets without further straining the private sector through over-taxation.
Source: The Cable – https://www.thecable.ng/breaking-tinubu-signs-n68-32trn-2026-budget-extends-2025-budget-implementation-deadline/, April 18, 2026
Photo credit:n The Guardian Nigeria
