Again, Senate extends 2025 budget implementation after Tinubu’s failed promise
The lawmakers extended the implementation timeline of the capital component of the budget to 31 December 2026 to give MDAs sufficient time to complete capital projects for which funds have been appropriated and released. The post Again, Senate extends 2025 budget implementation after Tinubu’s failed promise appeared first on Premium Times Nigeria .
President Bola Tinubu has submitted the National Research and Development Fund (Establishment) Bill, 2026 to the Senate for their review and potential passage into law. The draft legislation aims to streamline fragmented research and development funding across various Ministries, Departments and Agencies (MDAs) into a single central fund.
This would enable research institutions and academic bodies to access financing more efficiently. In a letter accompanying the Bill, Tinubu stated that the proposed fund would improve research financing, encourage collaboration among research agencies, academia, and the private sector, and ensure that funding is directed towards strategic national priorities.
The President of the Senate, Senator Godswill Akpabio, indicated that the Senate would prioritize the consideration of the proposal to expedite its passage. Tinubu noted that the proliferation of research institutions, each with its own mandate and budget, necessitated the establishment of a centralized fund to better manage resources for the advancement of science, technology, and innovation.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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