Key figure
Direct answer
Nigeria's 2026 budget is ₦58.18 trillion.
That is the total expenditure figure used in the official budget speech delivered on December 19, 2025. The same speech also put capital spending at ₦26.08 trillion, debt service at ₦15.52 trillion, and the fiscal deficit at ₦23.85 trillion.
Total budget
₦58.18tn
Headline expenditure in the budget speech
Capital spending
₦26.08tn
Projects, infrastructure, equipment
Debt service
₦15.52tn
Interest and debt obligations
Deficit
₦23.85tn
Equivalent to 4.28% of GDP
What this means
The budget is big on paper, but a large share still goes to debt service and other non-development obligations.
That means the real story is not only how large the budget is, but how much of it translates into actual capital execution and service delivery.
In simple terms: the 2026 budget is ambitious, but still fiscally stretched.