Defence Tops As Tinubu Presents N58.46trn 2026 Budget
President Bola Tinubu on Friday presented the 2026 proposed Appropriation Bill to a joint session of the National Assembly.
A proposed total budget of N58.46 trillion, with non-debt recurrent expenditure estimated at N15.25 trillion, was presented to the lawmakers by the president.
In his address, Tinubu fixed capital expenditure at N26.08 trillion and set the crude oil price benchmark for the fiscal year at US$64.85 per barrel.
The budget projections are based on crude oil production of 1.84 million barrels per day and an exchange rate of N1,400 to the US Dollar for the 2026 fiscal year.
A sector-by-sector breakdown shows that defence and security received the largest allocation at N5.41 trillion, followed by infrastructure with N3.56 trillion.
Education was allotted N3.52 trillion, while the health sector was earmarked N2.48 trillion under the proposal titled, “Budget of Consolidation, Renewed Resilience and Shared Prosperity”.
Olamilekan Adigun is a graduate of Mass Communication with years of experience in journalism embedded in uncovering human interest stories. He also prioritises accuracy and factual reportage of issues.
