National Assembly has approved a ₦68.3 trillion budget for the 2026 fiscal year, increasing the original proposal after President Bola Tinubu asked lawmakers to raise the estimates.
Gatekeepers News reports that President Tinubu originally presented a ₦58.47 trillion appropriation bill to the legislature in December 2025. Following his formal request for an upward review, lawmakers considered and agreed to adjustments that raised the total budget by about ₦9.8 trillion.
The increase was justified by the president as necessary to strengthen fiscal transparency, settle outstanding legacy capital commitments, and ensure effective implementation of priority national programmes across sectors like transport, health, and institutional preparedness.
Both the Senate and the House of Representatives passed the revised budget during plenary sessions, with the House approving it through a third reading.
The budget now moves forward as the framework for federal government spending in 2026, with projections and parameters such as crude oil benchmarks, exchange rates, and inflation targets also adopted by the National Assembly.
