The 2026 proposed Federal Budget—tagged the “Budget of Consolidation, Renewed Resilience and Shared Prosperity”—is valued at ₦58.47 trillion. It is built on key macroeconomic assumptions, including oil production of 1.84 million barrels per day, an oil price benchmark of $64.85 per barrel, an exchange rate of ₦1,400/$1, and a projected GDP growth rate of 4.28%.

To finance this spending plan, the Federal Government projects total revenue of ₦34.33 trillion, resulting in a budget deficit of ₦23.85 trillion. While these figures define the structure of the budget, the critical question remains: how will ₦58.47 trillion be allocated, and will it deliver real impact for Nigerians?