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From Ndubuisi Orji, Abuja
The House of Representatives has passed a total appropriation of N68,303,309,818,667 for the 2026 fiscal year, ending on December 31, 2026, and extended the implementation of the capital component of the 2025 budget from March 31 to June 30, 2026.
The 2026 budget was passed at Tuesday’s plenary after the report of the House Committee on Appropriation was considered and approved at the Committee on Supply, jointly chaired by the Speaker, Tajudeen Abbas, and Deputy Speaker, Benjamin Kalu.
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A breakdown of the budget indicated that N4,799,628,911,806 is for statutory transfers; N15,809,361,631,657 for debt servicing; N15,427,257,802,407 for recurrent (non-debt) expenditure; and N32,267,061,472,797 for capital expenditure.
President Bola Tinubu had, in December 2025, presented a budget proposal of ₦58.18 trillion titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity” for the 2026 fiscal year to a joint session of the National Assembly. According to the President, the budget proposal is designed to consolidate recent economic reforms and translate stabilising macroeconomic indicators into improved living standards for Nigerians.
For statutory transfers, the National Judicial Council (NJC) received N610,170,665,073; the Niger Delta Development Commission (NDDC), N618,127,393,490; the South East Development Commission (SEDC), N140,000,000,000; the North West Development Commission (NWDC), N145,606,921,550; the South West Development Commission (SWDC), N140,000,000,000; the South South Development Commission (SSDC), N140,000,000,000; the North Central Development Commission (NCDC), N140,000,000,000; and the North East Development Commission (NEDC), N244,066,466,734.
