advertisementThe House of Representatives on Thursday began discussions on President Bola Ahmed Tinubu’s 2026 Appropriation Bill, endorsing a proposed ₦58.18 trillion budget anchored on macroeconomic stability, enhanced security, and increased capital expenditure. That fiscal discipline has helped stabilise the economy.”Under the 2026 budget, total revenue is projected at ₦34.33 trillion, total expenditure stands at ₦58.18 trillion, resulting in a deficit of ₦23.85 trillion. Non‑debt recurrent expenditure is pegged at ₦15.25 trillion, while capital expenditure is set at ₦26.08 trillion — a structure lawmakers said reflects a shift toward development‑driven spending. Here, capital expenditure is higher, which is what drives real development,” Ihonvbere said. Sectoral allocations show key priorities as security and defence – ₦5.41 trillion; infrastructure – ₦3.56 trillion; education – ₦3.54 trillion; and health – ₦2.48 trillion.