Presidency explains rise in 2026 budget to N58trn
The Presidency says the proposed 2026 federal budget of N58.18 trillion is aimed at consolidating reforms, boosting growth and tackling security and social challenges, not just expanding spending for its own sake. The aggregate expenditure is about six per cent higher than the 2025 estimate of N49.7 trillion, reflecting what officials describe as a more ambitious but targeted fiscal plan. According to presidential officials, the increase is driven mainly by higher allocations to defence, internal security and law enforcement in response to persistent insurgency, banditry and other threats. The 2026 plan earmarks about N5.41 trillion for security related spending, making it one of the largest single components of the budget. The budget also scales up capital investment in infrastructure, including roads, rail, power and public assets needed to support private sector led growth. Government argues that sustained infrastructure funding is […]
