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Annual budget

The ₦68.32 trillion 2026 federal budget

Signed in April 2026. Capital spending takes the largest share, with debt service and recurrent costs close behind.

Spending mix

Where the money goes

Trillions of naira. Components as reported; they sum to ₦68.20tn against the ₦68.32tn total because of rounding in public statements.

₦32.2tnCapital expenditure · 47% of total
₦15.8tnDebt service · 23% of total
₦15.4tnRecurrent (non-debt) · 23% of total
₦4.8tnStatutory transfers · 7% of total
Assumptions

The benchmarks behind the numbers

Revenue projections depend on oil prices, output and the exchange rate.

$64.85Oil price benchmark, per barrel
1.84m bpdOil production benchmark
₦1,400/$Exchange rate assumptionOfficial rate on 30 Oct 2026: ₦1,346.86
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