Senate extends 2025 budget implementation to December 31
The Nigerian Senate has approved another extension for the implementation of the capital component of the 2025 Appropriation Act to December 31, 2026. Read More: https://punchng.com/senate-extends-2025-budget-implementation-to-december-31/
The Senate has extended the deadline for implementing the capital component of the 2025 Appropriation Act to December 31, 2026. This extension comes after a bill, sponsored by Senate Leader Opeyemi Bamidele and passed by lawmakers, seeks to amend the 2025 Appropriation Act to further delay the implementation period. Bamidele explained that the extension was necessary as the capital projects under the 2025 Appropriation Act had not reached optimal levels despite funds being released to Ministries, Departments, and Agencies (MDAs).
This marks another extension of the 2025 capital budget, which has been previously extended multiple times to allow for the completion of ongoing projects and the effective utilization of appropriated funds. The latest extension brings the implementation deadline for the capital component to December 31, 2026, subject to the President's assent.
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