President Bola Tinubu has presented a N58.47 trillion budget proposal for the 2026 fiscal year to a joint session of the National Assembly. Tinubu presented the budget on Friday, setting capital expenditure at N26.08 trillion and pegging the crude oil benchmark at US$64.85 per barrel. The president stated that capital recurrent (non‑debt) expenditure would amount to N15.25 trillion He also projected a total revenue of N34.33 trillion and total expenditure of N58.18 trillion, including N15.52 trillion for debt servicing. The fiscal deficit is N23.85 trillion, representing 4.28 per cent of…

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