President Bola Ahmed Tinubu on Tuesday presented the 2026 Appropriation Bill to a joint session of the National Assembly, outlining a fiscal plan aimed at consolidating economic reforms, strengthening resilience and translating recovery into improved living standards for Nigerians, particularly businesses and households. President Tinubu shared this update on his official X handle yesterday.
Tagged the “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” the president said the proposal builds on reforms implemented over the last two and a half years to address structural weaknesses, stabilise the economy and rebuild investor confidence, despite the short-term pressures faced by families and businesses.
Tinubu said Nigeria’s economic indicators show signs of stabilisation, noting that the economy grew by 3.98 per cent in the third quarter of 2025, while inflation moderated for eight consecutive months to 14.45 per cent in November 2025.
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He added that non-oil revenues have increased through improved tax administration, oil production has risen, and external reserves climbed to about $47 billion, providing a stronger buffer against shocks.
According to the president, the 2026 budget is designed to lock in macroeconomic stability, deepen competitiveness and ensure growth delivers jobs, rising incomes and better business conditions across the country. He stressed that the focus is on sustainable growth rather than excessive taxation, a key concern for small and medium-scale enterprises.
Reviewing the 2025 budget performance, Tinubu disclosed that as of the third quarter of the year, the government recorded ₦18.6 trillion in revenue and ₦24.66 trillion in expenditure, representing about 60 per cent implementation. He said lessons from the 2025 fiscal year would guide stronger execution in 2026, with accountability and efficiency central to the new budget’s delivery.
