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.
