President Bola Tinubu presented the 2026 budget to a joint session of the National Assembly. He did this on December 19, 2025. The event marked a key moment for Nigeria’s economic planning.
Lawmakers gathered in Abuja for the address. Tinubu outlined his vision clearly. He stressed the need for reforms to build a stronger nation.
Budget Overview
The total budget stands at ₦58.47 trillion. Officials call it the Budget of Consolidation, Renewed Resilience and Shared Prosperity. This name reflects goals for growth and stability.
Capital expenditure reaches ₦26.08 trillion. Meanwhile, recurrent non debt spending totals ₦15.25 trillion. Debt servicing claims ₦15.52 trillion. These figures show a balanced approach.
Key Allocations
Defence and security receive the largest share at ₦5.41 trillion. This allocation tops all sectors. Infrastructure follows with ₦3.56 trillion. Education gets ₦3.52 trillion, and health secures ₦2.48 trillion.
Tinubu explained the focus on security. He aims to modernize the armed forces. In addition, he plans to boost policing and border controls. These steps address ongoing threats.
Economic Assumptions
The budget bases on key figures. Crude oil prices stand at US$64.85 per barrel. Production targets 1.84 million barrels per day. The exchange rate sets at ₦1,400 to the US dollar.
Non oil sectors contribute most revenue. As a result, the plan reduces oil dependence. Moreover, revenue estimates hit ₦34.33 trillion. Borrowing covers the ₦17.88 trillion gap.
Presidential Vision
Tinubu highlighted security reforms. He declared armed non state actors as terrorists. This includes bandits and kidnappers. Meanwhile he pushes for unified command and community involvement.
He also promotes ward based development. This targets all 8,809 wards nationwide. Furthermore, he commits to fiscal discipline. In addition, it is budgeted in a way that it is aligned with the calendar year in order for the budget.
Future Implications
This is a signal for 2026 budgets. The allocations for security are aimed at creating a peaceful atmosphere. But on the negative side, the debt burden may become a point for criticism by the analysts.
