Reps Extend 2025 Capital Budget Execution to September

Nigeria's House of Representatives has extended the implementation period for the capital component of the 2025 Appropriation Act. The deadline, initially June 30, 2026, now shifts to September 30, 2026, providing an additional three months for the Federal Government to finalize ongoing projects.

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It is very straightforward. Because some aspects of the capital appropriation will not be fully implemented, if we do not extend the life of this particular law, it will have a very grave impact on the growth and development of the national economy.

The decision came after lawmakers swiftly passed a bill to amend the Appropriation Act. During an emergency session, the bill moved through its first, second, and third readings in a single sitting, with relevant House Standing Orders suspended to expedite the process. Speaker Tajudeen Abbas presided over the session.

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The purpose essentially is to extend the lifespan. We are not touching any part of the law. It is simply extending the lifespan from June 30, 2026, to September 30, 2026.

Leading the debate, House Leader Prof. Julius Ihonvbere explained the necessity of the extension. He stated that incomplete implementation of several capital projects would negatively impact national economic growth and development. Ihonvbere clarified that the amendment only extends the validity period of capital expenditure, not altering any budget provisions.

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I urge my colleagues to approve this so that we can continue with the work of developing and growing our economy and country.

Speaker Abbas noted that available information indicated ongoing capital budget implementation requiring more time. He stressed that extending the budget to September 30 is in the best interest of the country and the National Assembly, enabling the government to meet its obligations under the 2025 budget. The House subsequently approved the bill clause by clause.

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As you are aware, the 2025 budget was extended to June 30. From the records we received from the Chairman, Appropriations, and other relevant quarters, it has yet to be fully implemented.