Presidency don jack up Nigeria 2026 federal budget from the earlier N54.46 trillion go N58.18 trillion, as President Bola Tinubu wan put more money inside security matter. Dis increase na because federal government plan recruit plenty new soldiers, police and other security people to fight insecurity wey don choke country.
Director-General of Budget Office, Tanimu Yakubu, na im yarn dis one after Federal Executive Council (FEC) meeting for Friday, just small time before Tinubu carry budget go National Assembly.
One presidency source talk say before Tinubu announce the fresh recruitment for military and security agencies, ministries and agencies don already submit their budget proposals. So government gats add more money join the budget to cover salary, training and other cost for the new security workers.
Dem talk say FEC meeting wey hold that Friday no even long reach two hours, and dem no really discuss budget details well-well. Na why dem later send Budget Office boss go brief press for Aso Rock make the new figure look official.
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According to the source, Tinubu rush go present the budget make e show seriousness for quick passage, because budget process don already delay. Government no fit wait finish all details before presentation.
Dem go still sit down later arrange, clean up and balance all the figures before budget return go National Assembly, when ministries go come defend their allocations.
The N58.18 trillion budget na about 6% higher than 2025 budget wey be N49.7 trillion.
Inside the budget:
- Government-owned enterprises go spend about N4.98 trillion
- Grants and donor projects go take N1.37 trillion
- Statutory transfers na N4.1 trillion
- Debt servicing na heavy N15.52 trillion, including money to clear old debts
- Personnel cost plus pension na N10.75 trillion
- Overhead cost na N2.22 trillion
Government expect make revenue reach N34.33 trillion, but expenditure big pass am, so deficit go reach N23.85 trillion, wey be about 4.28% of GDP.
Non-oil money dey rise steady, as e don nearly cover two-thirds of government income, show say Nigeria dey slowly move commot from full oil dependence.
For sector allocation:
- Security carry first position with N5.41 trillion
- Infrastructure follow with N3.56 trillion
- Education get N3.52 trillion
- Health collect N2.48 trillion
As e be now, security na Tinubu biggest priority for 2026 budget, as Nigerians still dey wait make government drop full breakdown and explain how the money go take really change dem life.