Nigeria’s House of Representatives has given President Bola Ahmed Tinubu’s proposed N58.18 trillion 2026 budget a major boost, as lawmakers passed the appropriation bill for second reading on the floor of the House.

According to reports by The Punch and Vanguard, the budget presentation sparked extensive debate, with lawmakers applauding its focus on economic growth, infrastructure development, security, and social welfare, while also raising concerns about revenue projections and deficit financing.

During plenary, several legislators described the budget size as ambitious but necessary, given Nigeria’s current economic realities. As noted by Premium Times, the House leadership emphasized that detailed scrutiny would now move to the committee stage, where allocations will be closely examined to ensure transparency and value for money.

With the second reading secured, the 2026 budget proposal now advances to further legislative review, setting the stage for intense deliberations that will shape Nigeria’s fiscal direction ahead of the new financial year.

The development signals early legislative backing for President Tinubu’s economic agenda, as Nigerians and stakeholders await the final outcome of the budget process.