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/
On Tuesday, the Senate and House of Representatives unanimously extended the implementation deadline for the capital component of the 2025 Appropriation Act. The decision pushes the deadline from September 30, 2026, to December 31, 2026. This marks another extension of the 2025 capital budget's lifespan. The Senate's legislation, sponsored by Senate Leader Opeyemi Bamidele (APC, Ekiti Central), aimed to amend the 2025 Appropriation Act and allow ministries, departments, and agencies to finish ongoing projects and utilize appropriated funds.
Bamidele stated that the amendment was necessary due to the low level of capital project implementation despite funds being released to ministries, departments, and agencies. The House of Representatives followed suit, extending the implementation period for the fourth time, also moving the deadline to December 31, 2026. This extension brings the total implementation period of the 2025 capital budget to a full year beyond its original expiration date of December 31, 2025.
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