President Bola Ahmed Tinubu has signed the 2026 Appropriation Bill into law, approving a massive ₦68.32 trillion budget focused on strengthening the economy, expanding infrastructure, and tackling Nigeria’s ongoing fiscal challenges.
The new budget, now the largest in the nation’s history, reflects the government’s strong push to sustain economic reforms, attract investors, and stimulate growth across key sectors such as energy, transportation, agriculture, and security. The signing took place at the Presidential Villa in Abuja, marking a major step in the administration’s economic plans for the 2026 fiscal year.
The significant increase in the budget size compared to previous years highlights rising government spending driven by inflation, exchange rate pressures, and growing social commitments. A considerable portion of the allocation is expected to fund capital projects, with priority placed on improving roads, rail lines, and power supply to boost productivity and make the business environment more efficient.
