Tinubu presents N58.47trn 2026 budget to National Assembly after FEC approval

December 19, 2025

President Bola Tinubu presented the N58.47 trillion 2026 appropriation bill to a joint session of the National Assembly on December 19, 2025, as scheduled, following its endorsement by the Federal Executive Council earlier that day.

The presentation fulfilled preparations announced days earlier, including formal notifications to lawmakers and enhanced security at the National Assembly complex. President Tinubu delivered his speech at 2:00 p.m., marking a key milestone in Nigeria's fiscal planning.

The budget figure of N58.47 trillion was approved during an emergency Federal Executive Council (FEC) meeting presided over by Vice President Kashim Shettima. This corrects earlier reports of N58.18 trillion. While detailed allocations and priorities were not immediately disclosed, the event highlights the administration's economic focus amid national challenges.

Lawmakers will now review, debate, and potentially amend the proposal before passage.

What people are saying

Initial reactions on X to President Tinubu's presentation of the N58.47trn 2026 budget are mixed. Supporters and officials praise its focus on security (N5.41trn), infrastructure, education, and health as consolidation of reforms for shared prosperity. Critics, including PDP, label it a 'budget of renewed sufferings' amid persistent hardship and unrealistic revenue assumptions. Skeptics highlight high debt service, past implementation failures, and optimistic oil benchmarks as risks to feasibility.

Press Statement

President Tinubu’s Budget of Consolidated Renewed Sufferings

President Bola Ahmed Tinubu @officialABAT undertook the yearly ritual of presenting the 2026 budget to the National Assembly. The budget, which is themed “Budget of Consolidation, Renewed Resilience… pic.twitter.com/O7TJY5HFIw

— Official PDP Nigeria (@OfficialPDPNig) December 19, 2025

The 2026 budget is unrealistic.

- Total Expenditure: ₦58.47 trillion

- Defence and Security: ₦5.41 trillion

- Infrastructure: ₦3.56 trillion

- Education: ₦3.52 trillion

- Health: ₦2.48 trillion

- Breakdown of Expenditure:
- Capital Expenditure: ₦26.08…

— Everest (@novieverest) December 19, 2025

In a nutshell: Nigeria's 2026 budget as presented by President Bola Tinubu on Friday December 19

The 2026 Federal Budget is anchored on realism, prudence, and growth.
The key aggregates are as follows:
1) Expected total revenue is 34.33 trillion naira.
2)… pic.twitter.com/naDfRmWRF2

— Bayo Onanuga, OON, CON (@aonanuga1956) December 19, 2025

Tinubu Presents ₦58.47trillion Nigerian 2026 Budget, Gives Largest Shares To Defence, Security | Sahara Reporters https://t.co/4GPgl0KbJv pic.twitter.com/pqTX6qh2EE

— Sahara Reporters (@SaharaReporters) December 19, 2025

Abbas cautions against unrealistic projections in 2026 budget

Tajudeen Abbas, speaker of the house of representatives, has cautioned against unrealistic projections in the 2026 budget.

Speaking on Friday at a joint sitting of the national assembly after President Bola Tinubu… pic.twitter.com/lweNif5xZM

— TheCable (@thecableng) December 19, 2025

Sources

• https://www.thisdaylive.com/2025/12/19/tinubu-presents-n58-18trn-2026-appropriation-bill-to-national-assembly/
• https://www.thisdaylive.com/2025/12/19/shettima-presides-as-fec-okays-n58-47trn-2026-budget-proposal/
• https://dailytrust.com/full-speech-president-tinubu-presents-2026-budget-at-national-assembly/
• https://dailytrust.com/tinubu-holds-emergency-fec-approves-n58-47trn-for-2026-proposal/