The House of Representatives on Wednesday passed for second reading the N58.47 trillion Appropriation Bill for the 2026 fiscal year, following a lead debate by the House Leader, Hon. He said Nigeria recorded an economic growth rate of 3.98 per cent ahead of the 2026 budget, while inflation dropped to 14.45 per cent from about 25 per cent. Outlining the fiscal framework of the 2026 budget, the House Leader said total revenue was projected at N34.33 trillion, against total expenditure of N58.18 trillion, leaving a deficit of N23.85 trillion. The budget assumptions include an oil benchmark of $64.85 per barrel and oil production of 1.84 million barrels per day. The bill was thereafter read a second time and referred to the House Committee on Appropriations for further legislative action.