Senate grants extra time for 2025 budget capital projects
The Senate has approved an extension for the implementation of the capital component of the 2025 Appropriation Act. The move aims to prevent project abandonment and ensure full use of released funds across government agencies. The decision followed a motion by Senator Tahir Monguno and was supported by Senator Opeyemi Bamidele, who cited delays and administrative constraints. The extension applies only to the capital portion of the budget.
What we know
- The Senate approved moving the deadline for the capital component of the 2025 Appropriation Act from June 30 to September 30, 2026.
- Senator Opeyemi Bamidele explained the extension was needed due to delays in project execution and procurement bottlenecks.
- Lawmakers argued the extension would help prevent project abandonment and financial waste.
- The resolution will be sent to the House of Representatives for concurrence before it becomes operational.
- Ministries, Departments and Agencies now have until September 30, 2026 to complete capital projects under the 2025 budget.
