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National News Published April 2, 2026 · 2 min read

Senate Approves 2026 Budget After Tinubu Requests N9.3T Increase

Lawmakers urge timely fund release to Ministries, Departments, and Agencies

The Senate has approved a massive N68.3 trillion budget for the year 2026 to help finish building roads and other important projects. Lawmakers are now urging the government to make sure the money is released quickly so that the plans can actually turn into real progress.

3 trillion. The move is meant to clear the backlog of unfinished capital projects, support critical transport initiatives, and protect the country’s fiscal balance. 287 trillion for capital projects. Despite the approval, the story of previous budgets reminds everyone why proper execution is critical.

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In 2025, delays in fund releases slowed capital projects, leaving important infrastructure incomplete and forcing 2026 to pick up the slack. Olamilekan stressed that avoiding bureaucratic bottlenecks and ensuring that funds reach Ministries, Departments, and Agencies on time is crucial. The Senate’s action signals a government determined to convert plans into tangible growth, but it also shines a light on the responsibility ahead. With trillions approved and benchmarks set, success depends on discipline, oversight, and timely execution. Nigeria is on the edge of a fiscal test where billions of naira could either transform the economy or vanish in delays. The country will be watching closely as this massive budget moves from ink to impact, and the stakes could not be higher.

Written by TheGildNews Team

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