President Bola Ahmed Tinubu has formally requested the National Assembly of Nigeria to approve an upward review of the 2026 appropriation bill, proposing an increase of N9 trillion.
The request, contained in a letter dated March 30 and addressed to Senate President Godswill Akpabio, was read during plenary on Tuesday.
If approved, the adjustment will raise the proposed 2026 budget from N58.4 trillion to N67.4 trillion.
In the letter, Tinubu said the proposed increase is aimed at strengthening fiscal transparency, ensuring orderly budget execution, and enabling effective implementation of priority national programmes.
He explained that the adjustments are designed to achieve three key objectives, including the regularisation of outstanding legacy capital commitments carried forward from previous appropriation cycles.
According to the president, this move will prevent the 2026 fiscal programme from being encumbered by unresolved obligations from earlier budgets.
Tinubu also proposed the consolidation of outstanding government indebtedness from previous fiscal cycles into the 2026 budget framework, alongside provisions for strategic additions in critical sectors such as transport, health, and institutional preparedness.
He noted that the adjustments would align the financing plan of the budget with revised expenditure needs while preserving macro-fiscal stability and reducing pressure on the domestic credit market.
As part of the proposal, the president is seeking approval for the regularisation of N5.7 trillion in outstanding unfunded capital obligations from the 2025 appropriation act.
He also requested an additional N2 trillion in capital supplementation for priority projects nationwide, citing the likelihood that many outstanding obligations may not be implemented before the expiration of the 2025 capital budget cycle.
The proposal further includes strategic national interventions, such as a federal government equity contribution of N478.6 billion under the Ministry of Finance to support presidential legacy light rail projects in Lagos and Kano.
It also provides for feasibility studies on urban light rail systems in Enugu and Maiduguri, as well as N8.6 billion for studies on the Calabar–Maiduguri corridor and the Maiduguri–Sokoto superhighway under the Renewed Hope National Beltway initiative.
Following the presentation, Akpabio referred the proposal to the Senate Committee on Appropriations for legislative consideration.