President Bola Ahmed Tinubu has signed the ₦68.32 trillion 2026 Appropriation Bill into law, while also extending the implementation of the 2025 budget to June 30, 2026.
The new budget allocates ₦15.8 trillion to debt servicing, ₦15.4 trillion to recurrent spending, and ₦32.2 trillion to capital projects.
While the government claims the plan prioritises infrastructure and economic growth, the extension of the previous budget raises concerns about execution delays and inefficiency.
Officials say the extension will allow Ministries, Departments, and Agencies to complete ongoing projects. However, critics argue that repeated rollovers reflect systemic weaknesses in budget implementation rather than strategic planning.
With nearly a quarter of the budget tied to debt servicing, concerns persist over Nigeria’s fiscal sustainability.
Many analysts warn that without stronger revenue generation and accountability, increased spending may not translate into real improvements in citizens’ lives.
Despite government assurances, the growing gap between ambitious budgets and actual impact continues to fuel public scepticism.
