The House of Representatives is set to commence debate on the ₦58.47 trillion 2026 Appropriation Bill on Thursday
The House of Representatives is set to commence debate on the ₦58.47 trillion 2026 Appropriation Bill on Thursday.
Parliament Reports recalls that the fiscal bill passed first reading on December 19, 2025, following its presentation by President Bola Tinubu before a joint sitting of the Senate and the House of Representatives.
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During plenary on Wednesday, Deputy Speaker Benjamin Kalu, who presided over the session, called for the motion for the second reading of the bill. However, he directed the House Leader, Rep. Julius Ihonvbere, to defer debate on the budget to Thursday.
The Appropriation Bill HB.2682, titled “A Bill for an Act to Authorise the Issue from the Consolidated Revenue Fund of the Federation”, seeks approval for total expenditure of ₦58,472,628,944,759 for the 2026 fiscal year.
A breakdown of the proposed budget shows that ₦4.097 trillion is earmarked for statutory transfers, ₦15.91 trillion for debt servicing, ₦15.25 trillion for recurrent (non-debt) expenditure, while ₦23.21 trillion is allocated for contribution to the Development Fund for Capital Expenditure for the year ending 31 December, 2026.
