US EditionReps Pass N58.47tn 2026 Budget, Says Nigeria Hasn't Printed Single Naira Under Tinubu
The budget projects a fiscal deficit of N23.85 trillion and prioritizes security, infrastructure, and education to support Nigeria's economic stability and growth.
- On Wednesday the House of Representatives passed for second reading the N58.47 trillion Appropriation Bill for the 2026 fiscal year, referring it to the House Committee on Appropriations after a voice vote.
- Presented on December 19, 2025, the budget aims to enforce fiscal discipline and address inherited distorted institutions, requiring difficult and painful adjustments, the administration says.
- The proposal allocates total expenditure estimates of N58.18 trillion–N58.47 trillion, including N4.09 trillion for statutory transfers, N15.91 trillion for debt servicing, and N15.25 trillion for recurrent expenditure.
- Ihonvbere urged lawmakers to support the bill, noting much had been debated in previous fiscal year debates and warning sustainable development requires difficult adjustments due to inherited distortions.
- Officials point to reserves and currency stability, noting Julius Ihonvbere said no new naira printed, external reserves about $47 trillion, oil benchmark $64.85, and production 1.84 million barrels per day.
12 Articles
12 Articles
Reps pass N58.47tn 2026 budget, says Nigeria hasn't printed single naira under Tinubu
The House of Representatives on Thursday passed President Bola Tinubu’s N58.47 trillion 2026 Appropriation Bill for second reading. The 2026 budget proposal, titled “Budget of Consolidation, Renewed Resilience, and Shared Prosperity,” sailed through during plenary without debate. President Tinubu had presented the 2026 budget to a joint sitting of the National Assembly in December last year. The breakdown of the proposal shows that total expendi…
Reps Pass N58.47trn 2026 Budget For Second Reading
The House of Representatives on Wednesday passed for second reading the N58.47 trillion Appropriation Bill for the 2026 fiscal year, following a lead debate by the House Leader, Hon. Julius Ihonvbere. The bill seeks to authorise the issuance of a total sum of N58,472,628,944,759 from the Consolidated Revenue Fund of the Federation for the year ending December 31, 2026. Of the total sum, N4.09 trillion is proposed for statutory transfers, N15.91 …
Reps back Tinubu’s N58.18trn 2026 budget, pass for second reading
The House of Representatives on Thursday approved President Bola Tinubu’s 2026 Appropriation Bill, endorsing a proposed ₦58.18 trillion budget anchored on macroeconomic stability, enhanced security, and increased capital expenditure.
House of Representatives Passes Tinubu’s ₦58.47 Trillion 2026 Budget for Second Reading - Latest Nigeria News
The House of Representatives on Thursday passed President Bola Tinubu’s ₦58.47 trillion 2026 Appropriation Bill for second reading, marking a major legislative step in the federal government’s fiscal planning for the coming year. Join Akahi News VIP WhatsApp Channel for Breaking News Alerts, Direct to Your Phone Take your QuickBooks, Sage 50 to the Cloud […]
N58.4 Trillion Budget Passed, No Debate: Here are Questions You Should Ask Your Representatives
The passage of a N58.4 trillion budget through second reading without debate is troubling for a democracy that claims to value checks and balances. Development Diaries reports that the House of Representatives recently passed President Bola Tinubu’s N58.4 trillion 2026 appropriation bill through second reading without debate. This has raised concerns that the legislature may be losing its independence, with too much power shifting to the executi…
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