Tinubu To Present 2026 Budget To National Assembly Tomorrow

On Friday, President Bola Ahmed Tinubu is set to present the 2026 Appropriation Bill to a joint session of the National Assembly. The presentation will take place at 2:00 PM, as announced in a notice issued by the Office of the Clerk to the National Assembly.

Attendees are advised that all accredited individuals must be at their duty posts by 11:00 AM on the day of the presentation. Following this time, access to the National Assembly Complex will be restricted for security reasons.

The notice, signed by Essien Eyo Essien, Secretary for Human Resources and Staff Development, emphasizes the importance of compliance with these arrangements in preparation for the President’s budget presentation.

The 2026 budget is projected at N54.4 trillion, according to the approved 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Meanwhile, Tinubu has asked the National Assembly to repeal and re-enact the 2024 appropriation act.
The request was conveyed in separate letters to the Senate and the House of Representatives on Wednesday and read during plenary by the presiding officers.

The bill was titled Appropriation (Repeal and Re-enactment Bill 2) 2024, involving a total proposed expenditure of N43.56 trillion.

In a letter dated December 16, 2025, the President said the bill seeks authorisation for the issuance of a total sum of N43.56 trillion from the Consolidated Revenue Fund of the Federation for the year ending December 31, 2025.

A breakdown of the proposed expenditure shows N1.74 trillion for statutory transfers, N8.27 trillion for debt service, N11.27 trillion for recurrent (non-debt) expenditure, and N22.28 trillion for capital expenditure and development fund contributions.

The President said the proposed legislation is aimed at ending the practice of running multiple budgets concurrently, while ensuring reasonable – indeed unprecedentedly high – capital performance rates on the 2024 and 2025 capital budgets.

He explained that the bill also provides a transparent and constitutionally grounded framework for consolidating and appropriating critical and time-sensitive expenditures undertaken in response to emergency situations, national security concerns, and other urgent needs.

Tinubu added that the bill strengthens fiscal discipline and accountability by mandating that funds be released strictly for purposes approved by the National Assembly, restricting virement without prior legislative approval, and setting conditions for corrigenda in cases of genuine implementation errors.

The bill, which passed first and second reading in the House of Representatives, has been referred to the Committee on Appropriations for further legislative action.