Tinubu to present 2026 budget to N’Assembly Friday
Tinubu Seeks House Audience to Present 2026 Appropriation Bill
President Bola Ahmed Tinubu has formally written to the House of Representatives, seeking an audience to present the 2026 Appropriation Bill to the National Assembly.
The request was conveyed in a letter read on the floor of the House on Thursday by the Speaker, Abbas Tajudeen.
Budget Presentation Scheduled for December 19, 2025
In the letter, the President requested to be scheduled to present the 2026 budget at 12:00 noon on Friday, December 19, 2025, before a joint session of the National Assembly.
“I write to crave the kind indulgence of the House of Representatives to grant me the slot of 12:00 noon on Friday, December 19, 2025, to formally present the 2026 budget to a joint session of the National Assembly,” the letter read.
Key Figures in the 2026–2028 Medium-Term Expenditure Framework
According to the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) currently under consideration by the House, the proposed size of the 2026 budget stands at a massive N54.46 trillion.
Out of this amount, N34.33 trillion is projected to be generated as retained revenue by the Federal Government.
Borrowing, Debt Service, and Fiscal Deficit Projections
New borrowings are estimated at N17.88 trillion, made up of both domestic and foreign loans, while debt servicing is projected to gulp N15.52 trillion.
The fiscal deficit for the 2026 budget cycle is estimated at N20.13 trillion, reflecting continued pressure on public finances amid rising expenditure demands.
Pensions, Capital Expenditure, and Special Interventions
Allocations for pensions, gratuities, and retirees’ benefits are projected at N1.376 trillion.
Capital expenditure is estimated at N20.13 trillion, excluding transfers and statutory transfers pegged at N3.15 trillion. The Sinking Fund is projected at N388.54 billion.
Total recurrent (non-debt) expenditure is projected at N15.265 trillion, while special interventions for recurrent and capital expenditures are pegged at N200 billion and N14 billion, respectively.
What This Means for Nigerians
The presentation of the 2026 Appropriation Bill marks a crucial step in shaping Nigeria’s fiscal direction, particularly as the government balances infrastructure spending, social welfare, debt obligations, and economic reforms under the current administration.
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