Tinubu Presents ₦58.47 Trillion 2026 Nigerian Budget, Defence and Security Receive Largest Allocations
President Bola Tinubu has presented the ₦58.47 trillion budget proposal for Nigeria’s 2026 fiscal year to the National Assembly, titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” The budget proposes ₦26.08 trillion in capital expenditure and ₦15.25 trillion in recurrent (non-debt) spending. Defence and security received the highest allocation of ₦5.41 trillion, followed by infrastructure (₦3.56 trillion), education (₦3.52 trillion), and healthcare (₦2.48 trillion). The budget is based on a crude oil benchmark of US$64.85 per barrel, daily production of 1.84 million barrels, and an exchange rate of ₦1,400/US$. Analysts note that the proposal underscores government priorities in security, infrastructure, and human capital while raising concerns over debt servicing and inflation.
President Bola Tinubu has presented the ₦58.47 trillion budget proposal for Nigeria’s 2026 fiscal year to the National Assembly, titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” The budget proposes ₦26.08 trillion in capital expenditure and ₦15.25 trillion in recurrent (non-debt) spending. Defence and security received the highest allocation of ₦5.41 trillion, followed by infrastructure (₦3.56 trillion), education (₦3.52 trillion), and healthcare (₦2.48 trillion). The budget is based on a crude oil benchmark of US$64.85 per barrel, daily production of 1.84 million barrels, and an exchange rate of ₦1,400/US$. Analysts note that the proposal underscores government priorities in security, infrastructure, and human capital while raising concerns over debt servicing and inflation.
Tinubu Presents ₦58.47 Trillion 2026 Nigerian Budget, Defence and Security Receive Largest Allocations
President Bola Tinubu has presented the ₦58.47 trillion budget proposal for Nigeria’s 2026 fiscal year to the National Assembly, titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” The budget proposes ₦26.08 trillion in capital expenditure and ₦15.25 trillion in recurrent (non-debt) spending. Defence and security received the highest allocation of ₦5.41 trillion, followed by infrastructure (₦3.56 trillion), education (₦3.52 trillion), and healthcare (₦2.48 trillion). The budget is based on a crude oil benchmark of US$64.85 per barrel, daily production of 1.84 million barrels, and an exchange rate of ₦1,400/US$. Analysts note that the proposal underscores government priorities in security, infrastructure, and human capital while raising concerns over debt servicing and inflation.
0 Comments
·0 Shares
·290 Views
