Dare Babalola
President Bola Ahmed Tinubu has arrived the National Assembly to present the 2026 budget to a joint sitting of both chambers.
Earlier, the Federal Executive Council (FEC) cleared the budget for presentation.
This was disclosed on Friday in a brief statement by the President’s Special Assistant on Social Media, Dada Olusegun on his X handle.
The statement read, “The Federal Executive Council has approved the 2026 Budget, and it is now ready for presentation to a joint session of the National Assembly this afternoon by the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, Bola Ahmed Tinubu.”
The FEC’s approval follows a series of meetings in which key parameters of the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper were reviewed.
Among the decisions taken, the Council had earlier approved an oil price benchmark of $64.85 per barrel and a budget exchange rate of ₦1,512 to one US dollar for the 2026 fiscal year.
The budget proposal is expected to be about N58.7 Trillion in size.
President Tinubu was accompanied to the National Assembly by top government functionaries.
