President Bola Tinubu is set to present the ₦54.46 trillion 2026 budget to a joint session of the National Assembly today, December 19, 2025, at 2:00 pm. The budget proposal includes a new borrowing plan of ₦17.88 trillion and projects revenue at ₦34.33 trillion, with debt servicing estimated at ₦15.52 trillion.
The budget is anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of ₦1,400 to the US Dollar for the 2026 fiscal year.
In terms of sectoral allocation, defence and security took the lion’s share with ₦ 5.41 trillion, followed by infrastructure at ₦3.56 trillion.
Education got ₦3.52 trillion, just as health took ₦2.48 trillion in the proposal tagged, “Budget of Consolidation, Renewed Resilience and Shared Prosperity”.
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