TINUBU PRESENTS ₦58.18TRN 2026 BUDGET, VOWS STRICT DISCIPLINE
By: Safiya Abdulrahim Dabban
President Bola Tinubu has presented a ₦58.18 trillion 2026 Appropriation Bill to the National Assembly, declaring that the era of overlapping budgets, abandoned projects and weak execution is coming to an end. He said the 2026 fiscal year would mark a reset, with stronger discipline, clearer timelines and results-driven governance.
The President explained that the budget, tagged Budget of Consolidation, Renewed Resilience and Shared Prosperity, is aimed at consolidating recent economic reforms and translating improving macroeconomic indicators into better living standards for Nigerians. He announced that from 2026, Nigeria will operate a single budget cycle backed by a single revenue stream, ending the long-standing practice of running multiple budgets simultaneously.
Tinubu said the focus on discipline is designed to restore public confidence in the budget process, stressing that delivery, not announcements, is the true measure of success. He warned revenue-generating agencies and government-owned enterprises that underperformance would no longer be tolerated, as the government intensifies efforts to block leakages through digitised revenue systems and stricter accountability.
Highlighting recent economic data, the President said growth has strengthened, inflation has eased steadily, external reserves have risen, and investor confidence is improving, attributing the gains to deliberate policy choices. He added that the 2026 budget is built on realistic assumptions to ensure fiscal sustainability while prioritising security, infrastructure, education, health, agriculture and food security.
Tinubu assured Nigerians that the reforms under the Renewed Hope Agenda are gaining momentum and pledged that the benefits will reach households and communities across the country.