- Safiu Kehinde
President Bola Tinubu has written to the National Assembly, seeking the lawmakers’ approval of an increase in the 2026 Appropriation Bill by N9 trillion.
The increase, if approved, will see the total budget rise from N58.4 trillion to N67.4 trillion.
NPO Reported that Tinubu had in December 2025 presented N58.4 trillion budget before the joint assembly.
The budget, christened, “Budget of Consolidation, Renewed Resilience and Shared Prosperity”, had capital recurrent (non‑debt) expenditure standing at N15.25 trillion with capital expenditure pegged at N26.08 trillion.
The revenue allocation in the initial budget saw Defence and Security gulped a total of N5.41 trillion followed be infrastructure with N3.56 trillion.
A total of N3.52 trillion was allocated to education while health gets N2.48 trillion.
Meanwhile, these are set to change with Tinubu’s request for the inclusion of an additional N9 trillion.
As contained in a letter read on the Senate floor by the President of the Senate, Godswill Akpabio, during plenary on Tuesday, the President explained that the proposed adjustment is aimed at strengthening fiscal transparency and ensuring the effective implementation of priority national programmes.
Tinubu highlighted three key objectives behind the request, including to regularize and account for outstanding legal commitments carried over from previous appropriation cycles while also preventing them from burdening the execution of the 2026 budget.
The president further maintained that the proposal aims to consolidate and properly capture existing government indebtedness within the fiscal framework as well as provide for a limited number of strategic and priority projects, while aligning the 2026 financing plan to preserve macro-fiscal stability and reduce pressure on the domestic financial market.