Key details of the 2026 budget as presented by President Tinubu:
– Total Expenditure: ₦58.47 trillion
– Defence and Security: ₦5.41 trillion
– Infrastructure: ₦3.56 trillion
– Education: ₦3.52 trillion
– Health: ₦2.48 trillion
– Breakdown of Expenditure:
– Capital Expenditure: ₦26.08 trillion
– Recurrent (Non-Debt) Expenditure: ₦15.25 trillion
– Economic Assumptions:
– Crude oil benchmark price: US$64.85 per barrel
– Daily crude oil production: 1.84 million barrels per day
– Exchange rate: ₦1,400 to the US Dollar
