President Bola Tinubu has offered a N58.47 trillion funds proposal for the 2026 fiscal 12 months to a joint session of the Nationwide Meeting.
Tinubu offered the funds on Friday, setting capital expenditure at N26.08 trillion and pegging the crude oil benchmark at US$64.85 per barrel.
The president acknowledged that capital recurrent (non‑debt) expenditure would quantity to N15.25 trillion
He additionally projected a complete income of N34.33 trillion and whole expenditure of N58.18 trillion, together with N15.52 trillion for debt servicing.
The fiscal deficit is N23.85 trillion, representing 4.28 per cent of the nation’s gross home product (GDP).
The proposal assumes crude oil production of 1.84 million barrels per day and an alternate fee of N1,400 to the US Greenback for 2026.
In sectoral allocations, defence and safety acquired the most important share of N5.41 trillion, adopted by infrastructure with N3.56 trillion.
Schooling was allotted N3.52 trillion, whereas well being acquired N2.48 trillion underneath the funds, titled “Funds of Consolidation, Renewed Resilience and Shared Prosperity”.
Addressing the lawmakers, Tinubu stated the proposal as not simply accounting strains, “they’re a press release of nationwide priorities. We stay firmly dedicated to fiscal sustainability, debt transparency, and worth‑for‑cash spending.”