Keep pulling the thread on President Bola Tinubu.
The Nigerian government plans to fully fund and close all capital liabilities from previous years by March 31, 2026.
Nigeria will begin operating on a single budget and a single revenue cycle starting in April 2026.
Nigeria's external reserves increased to a seven-year high of approximately $47 billion.
Nigeria's proposed 2026 federal budget projects total revenue of 34.33 trillion Naira and total expenditure of 58.18 trillion Naira.
The proposed 2026 Nigerian budget allocates 15.52 trillion Naira for debt servicing, 15.2 trillion for recurrent non-debt expenditure, and 26.08 trillion for capital expenditure.
Nigeria's 2026 budget deficit is projected to be 23.85 trillion Naira, which represents 4.28% of the country's GDP.
Nigeria's 2026 budget is based on a crude oil price benchmark of $64.85 per barrel and a production level of 1.8 million barrels per day.
The 2026 Nigerian budget assumes an average exchange rate of 1,400 Naira to the US dollar.
Nigeria's 2026 budget allocates 5.41 trillion Naira to defense and security, 3.56 trillion to infrastructure, 3.52 trillion to education, and 2.48 trillion to health and social services.
The Nigerian government is establishing a new national counterterrorism directorate as part of a reset of the national security architecture.
The Nigerian government has secured a $500 million commitment from the United States government for health interventions across Nigeria.
In 2026, Nigeria's Bank of Agriculture plans to support the cultivation of 1 million hectares of land.