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Nigeria's House Extends 2025 Budget Capital Implementation to September 2026
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Nigeria's House Extends 2025 Budget Capital Implementation to September 2026

From Premium Times · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • Nigeria's House of Representatives approved a three-month extension for the 2025 federal budget's capital component, moving the deadline from June 30 to September 30, 2026.
  • This extension, the third for the capital expenditure, aims to give ministries, departments, and agencies more time to complete ongoing projects.
  • The Senate had previously approved a similar measure, and the bill now awaits presidential assent.

Nigeria's House of Representatives has approved a three-month extension for the implementation of the capital component of the 2025 Appropriation Act. The deadline has been moved from June 30 to September 30, 2026, following an emergency plenary session. This decision aims to provide additional time for executing ongoing capital projects.

The amendment bill, titled โ€œA Bill for an Act to Amend the Appropriation (Repeal and Enactment) Act, 2025 to Extend the Implementation of the Capital Aspect of the Appropriation Act, 2025 from 30 June 2026 to 30 September 2026,โ€ successfully passed its first and second readings. House Leader Julius Ihonvbere explained the necessity of the extension to ensure the completion of projects captured in the 2025 budget.

This marks the third time the National Assembly has extended the capital expenditure deadline. Previous extensions were granted in December 2025 and March 2026. The latest extension is expected to allow the federal government to continue funding and completing projects before the new September deadline.

Following the passage of the bill, the House adjourned until July 7. The Senate had also approved a similar measure, paving the way for the bill to be sent for presidential assent.

the amendment was necessary to provide additional time for the execution of ongoing capital projects captured in the 2025 budget.

โ€” Julius IhonvbereLeading the debate on the amendment bill.
DistantNews Editorial

Originally published by Premium Times in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.