Tinubu to Present 2026 Nigerian Budget to National Assembly Friday, Proposes N17.8 Trillion Fresh Borrowings as Budget Hits N54.46 Trillion
President Bola Tinubu has formally requested permission from the House of Representatives to appear before a joint session of the National Assembly on Friday, December 19, 2025, to present the 2026 Appropriation Bill. The request, conveyed in a letter read by Speaker Abbas Tajudeen, comes as lawmakers deliberate on the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper. The proposed 2026 budget is estimated at N54.46 trillion, with retained revenue projected at N34.33 trillion and new borrowings of about N17.88 trillion from domestic and foreign sources. Debt servicing is projected at N15.52 trillion, while capital expenditure stands at N20.13 trillion amid a fiscal deficit of N20.13 trillion.
President Bola Tinubu has formally requested permission from the House of Representatives to appear before a joint session of the National Assembly on Friday, December 19, 2025, to present the 2026 Appropriation Bill. The request, conveyed in a letter read by Speaker Abbas Tajudeen, comes as lawmakers deliberate on the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper. The proposed 2026 budget is estimated at N54.46 trillion, with retained revenue projected at N34.33 trillion and new borrowings of about N17.88 trillion from domestic and foreign sources. Debt servicing is projected at N15.52 trillion, while capital expenditure stands at N20.13 trillion amid a fiscal deficit of N20.13 trillion.
Tinubu to Present 2026 Nigerian Budget to National Assembly Friday, Proposes N17.8 Trillion Fresh Borrowings as Budget Hits N54.46 Trillion
President Bola Tinubu has formally requested permission from the House of Representatives to appear before a joint session of the National Assembly on Friday, December 19, 2025, to present the 2026 Appropriation Bill. The request, conveyed in a letter read by Speaker Abbas Tajudeen, comes as lawmakers deliberate on the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper. The proposed 2026 budget is estimated at N54.46 trillion, with retained revenue projected at N34.33 trillion and new borrowings of about N17.88 trillion from domestic and foreign sources. Debt servicing is projected at N15.52 trillion, while capital expenditure stands at N20.13 trillion amid a fiscal deficit of N20.13 trillion.
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