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 recently submitted the National Research and Development Fund (Establishment) Bill, 2026 to the Senate for approval. The legislation aims to consolidate funding for research and development from various Ministries, Departments and Agencies into a single central fund. This fund would provide financial support to research institutions and academic bodies, fostering collaboration among agencies, academia and the private sector.
The President emphasized the need to streamline research financing and ensure efficient utilization of resources, directing funding towards strategic national priorities.
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