The Nigerian Senate has approved a total budget of N68 trillion for the 2026 fiscal year, marking an increase of N9 trillion from the initial proposal of N59 trillion.
The approved appropriation outlines key spending areas across government operations and development priorities.
Breakdown of the 2026 Budget:
- Statutory Transfers: N4.8 trillion
- Debt Servicing: N15.8 trillion
- Recurrent (Non-Debt) Expenditure: N15.4 trillion
- Capital Expenditure: N32.3 trillion (via development fund contributions)
The budget is expected to run through the fiscal period ending December 31, 2026.
Further details, including sector-by-sector allocations and implementation strategies, are anticipated to be released in the coming days as the government moves toward execution of the spending plan.
