Nigeria Senate Extends 2025 Capital Budget Implementation to September

Nigeria's Senate has granted a fresh three-month extension for the implementation of the capital component of the 2025 Appropriation Act. The deadline has been moved from June 30, 2026, to September 30, 2026, in an effort to ensure ongoing projects are completed and that ministries, departments, and agencies (MDAs) can fully utilize funds already released by the government.

This marks the third extension for the 2025 capital budget's implementation period. The National Assembly had previously extended the deadline from December 31, 2025, to March 31, 2026, and then to June 30, 2026. The latest extension provides MDAs with additional time to finalize capital projects, settle outstanding payments, and meet contractual obligations.

Senator Tahir Munguno, the Senate Chief Whip, sponsored the motion for the extension. He explained that a significant portion of the funds allocated for approved projects remained unutilized due to procurement timelines, project execution difficulties, and other administrative hurdles. Munguno warned that failing to extend the implementation window could lead to the abandonment of critical projects, waste of public resources, and disruption of government initiatives.

Senator Olamilekan Adeola, Chairman of the Senate Committee on Appropriations, supported the motion, noting that while payments for some capital projects had begun, numerous obligations were still pending. He referenced President Bola Tinubu's earlier communication indicating that only about 30 percent of the funds for outstanding 2025 capital commitments could be accommodated through a rollover, with the remainder to be addressed in the 2026 budget framework. The Senate believes the extension is in the national interest and will promote efficient public spending.

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The Senate is convinced that granting a further extension of the implementation period is in the national interest and will ensure value for money in public expenditure.