President has signed the 2026 Appropriation Bill into law, approving a total expenditure of ₦68.32 trillion and extending the implementation of the 2025 capital budget to June 30, 2026.
The extension moves the earlier March 31 deadline, providing Ministries, Departments and Agencies additional time to complete ongoing infrastructure and development projects.
The decision is positioned as a corrective step to improve execution rates and reduce the volume of unfinished projects carried into a new fiscal cycle.
The 2026 budget framework reflects a heavy fiscal commitment to both capital development and statutory obligations. Of the total sum, ₦4.799 trillion is earmarked for statutory transfers, ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent non-debt expenditure, and ₦32.2 trillion allocated to capital projects.
Capital expenditure accounts for about half of the total budget size, reinforcing the administration’s infrastructure-led growth approach.
Government officials state that the fiscal plan is structured to sustain macroeconomic stability while maintaining public sector operations and financing large-scale development projects.
The allocation pattern signals continued pressure from debt servicing obligations, alongside efforts to expand investment in infrastructure, security, and social sectors.
The extension of the 2025 capital component is intended to ensure full utilisation of previously approved funds and allow projects already at advanced stages to reach completion.
The additional implementation window is expected to strengthen project delivery timelines and improve overall value for public spending.
The 2026 budget takes effect from April 1, 2026, with federal agencies directed to prioritise disciplined execution, transparency, and measurable outcomes in line with the administration’s economic reform agenda.
Source: Nairametrics
Source:Nairametrics
