Tinubu presents budget.webp
The Digest:

President Bola Tinubu has presented a N58.18 trillion budget proposal for the 2026 fiscal year to the National Assembly, emphasizing economic consolidation, security, and stricter fiscal discipline.

Key Points:
  • President Bola Tinubu presented a N58.18 trillion budget proposal for 2026
  • The budget is tagged the "Budget of Consolidation, Renewed Resilience and Shared Prosperity"
  • Tinubu declared that all armed groups outside state authority will be treated as terrorists
  • Key allocations include N5.41 trillion for security and N3.56 trillion for infrastructure
  • The budget is based on a $64.85 oil benchmark and 1.84 million barrels per day production
  • Total projected revenue is N34.33 trillion, with a deficit of N23.85 trillion
  • The President pledged stricter budget execution and revenue target enforcement for government agencies
In a nation at a crossroads, a budget is more than numbers, it is a statement of intent, a map for the future, and a test of the collective will to transform stability into tangible prosperity for all.

Sources: Vanguard, The Guardian