President Bola Ahmed Tinubu has confirmed plans to present Nigeria’s 2026 Federal Budget to the National Assembly, as the federal government begins formal preparations for the next fiscal year.

The announcement followed a meeting between the President and senior officials of the National Assembly, alongside top government and economic advisers, held in Abuja. The engagement forms part of constitutionally required consultations ahead of the presentation of the Appropriation Bill.

In a statement conveyed to lawmakers, President Tinubu said the proposed 2026 budget would be guided by his administration’s commitment to economic stability, inclusive growth, and long-term national development.

> “The 2026 budget will reflect our resolve to strengthen the economy, protect the most vulnerable, and invest strategically in sectors that drive sustainable growth.We remain committed to working closely with the National Assembly to ensure a budget that responds to the needs of Nigerians and secures the nation’s future.” President Bola Ahmed Tinubu said

Sources within the legislature say the budget proposal is expected to prioritise infrastructure development, security, education, healthcare, and job creation, while also addressing concerns around inflation, debt servicing, and revenue generation.

The budget presentation comes amid ongoing economic reforms by the Tinubu administration, including fuel subsidy removal, foreign exchange adjustments, and efforts to expand Nigeria’s non-oil revenue base.

Lawmakers are expected to closely scrutinise key assumptions in the budget, particularly oil production targets, crude price benchmarks, and deficit financing plans. Recent differences between the Senate and the House of Representatives over revenue projections are likely to shape deliberations during the review process.

Once formally presented, the 2026 Appropriation Bill will be referred to relevant committees of the National Assembly for detailed examination before being debated, amended where necessary, and passed into law.

The federal government says it hopes the budget will serve as a tool to stabilise the economy while laying the groundwork for long-term prosperity.

© Azeema Aliu | TalkAfrica.ng

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