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Nigeria: Senate Passes 2026 Budget Without Scrutinising Tinubu's Request for Upward Review
Lawmakers approved allocations for debt service, recurrent spending and capital projects after adding N623 billion to the president’s request.
- On Tuesday, March 31, 2026, the Nigerian Senate passed the 2026 budget, increasing the total to N68.323 trillion following a request from President Bola Ahmed Tinubu.
- President Tinubu requested an upward revision of N9.3 trillion earlier that day to regularize outstanding legacy capital projects and preserve macro-fiscal stability.
- Senate Committee on Appropriations Chairman Adeola Olamilekan presented the report, allocating N32.287 trillion for capital expenditure, N15.809 trillion for debt servicing, and N16.427 trillion for recurrent expenses.
- Beyond the president's request, Senate President Godswill Akpabio oversaw the passage, with lawmakers adding N623 billion to the total figure.
- The approved budget will run for the 2026 fiscal year, ending December 31, 2026, supporting key transport projects to ensure project completion across Nigeria.
14 Articles
14 Articles
Senate approves N68trn 2026 budget
The Nigerian Senate has approved a N68 trillion budget for the 2026 fiscal year, increasing the initial proposal of N59 trillion by N9 trillion. Senate President Godswill Akpabio announced the passage of the budget during plenary after lawmakers considered and adopted the report of the Senate Committee on Appropriations. The report was presented by the committee’s chairman, Adeola Olamilekan, who outlined the key allocations in the spending plan…
JUST IN: Senate Passes N68 Trillion 2026 Fiscal Year Budget - NewsTmes.com.ng
The Nigerian Senate has approved a N68 trillion budget for the 2026 fiscal year, representing an increase of N9 trillion from the initial proposal of N59 trillion. The budget allocation includes: N4.8 trillion for statutory transfers N15.8 trillion for debt servicing N15.4 trillion for recurrent (non-debt) expenditure N32.3 trillion earmarked for capital expenditure through contributions … The post JUST IN: Senate Passes N68 Trillion 2026 Fiscal…
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