Nigeria: Tinubu Signs 2025 Budget Extension Bill Into Law
[Premium Times] The Tinubu administration has extended the implementation of the capital component of the 2025 budget four times.
President Bola Tinubu has signed a bill extending the implementation of the 2025 budget's capital component until December 31, 2026. This marks the fourth extension of the budget implementation period, which initially ended on December 31, 2025. Bayo Onanuga, a presidential spokesperson, announced the extension in a statement. The Assent followed the rapid approval of the bill by both the Senate and the House of Representatives on September 29, 2026.
The extension aims to give Ministries, Departments, and Agencies more time to finish ongoing capital projects and ensure that appropriated funds are utilized effectively.
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