President Bola Tinubu will present the 2026 budget to the National Assembly on Friday,19th December 2025
Tajudeen Abbas, Speaker of the House, read Tinubu’s letter informing the Federal lawmakers of his intention to present the 2026 Appropriation Bill before the joint session of the National Assembly during Thursday’s plenary.
The 2025 National Budget of Nigeria, titled the “Budget of Restoration: Securing Peace and Rebuilding Prosperity,” was signed into law by President Bola Ahmed Tinubu on February 28, 2025. It is a record-breaking fiscal plan designed to stabilize an economy recovering from the aggressive reforms of 2023–2024.
Budget Overview & Key Figures
The 2025 budget represents a massive nominal increase in spending compared to 2024, largely driven by the devaluation of the Naira and a focus on infrastructure.
Component Amount (Naira)
Total aggregate expenditure - ₦54.99 trillion
Projected revenue - ₦36.35 trillion
Budget deficit ~₦18 trillion
Capital expenditure - ₦23.96 trillion
Recurrent expenditure - ₦13.64 trillion
Debt servicing - ₦16.3 trillion
Key benchmarks and assumptions
The budget is built on several optimistic economic projections aimed at stabilizing the macro-environment:
Oil Price Benchmark: $75 per barrel
Oil Production: 2.06 million barrels per day (mbpd)
Exchange Rate: ₦1,500 to $1
Inflation target: Projected to drop to 15.75% (down from over 30% in late 2024)
GDP Growth: Targeted at 4.6%
Priority sector allocations
The 2025 fiscal plan prioritizes security and physical infrastructure as the primary drivers of growth:
Defence and Security (9.87%): Retained the largest share to combat insurgency and secure oil production in the Niger Delta.
Infrastructure (8.16%): Focused on completing major road networks and regional development projects.
Education (7.08%) & Health (4.99%): While nominally higher, these sectors saw a slight percentage decrease compared to previous years as a
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