2025 budget: Senate, Reps extend capital implementation to December
The Senate and House of Representatives have extended the implementation of the capital component of the 2025 Appropriation Act to December 31, 2026. Read More: https://punchng.com/2025-budget-senate-reps-extend-capital-implementation-to-december/
The Senate and House of Representatives have approved an extension to the implementation of the capital component of the 2025 Appropriation Act, pushing the deadline from September 30 to December 31, 2026. This marks another extension of the lifespan of the 2025 capital budget. The decision comes after the Senate approved a bill sponsored by Senate Leader Opeyemi Bamidele (APC, Ekiti Central) and the House of Representatives passed a motion moved by House Leader Julius Ihonvbere.
Both chambers aim to give Ministries, Departments, and Agencies the time to complete ongoing projects and utilize appropriated funds. The latest extension ensures that funds allocated under the capital component of the 2025 budget will remain available until December 31, 2026, pending President Tinubu's assent.
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