Reps extend 2025 capital budget implementation to September

Nigeria's House of Representatives has granted a three-month extension for the implementation of the 2025 capital budget. The deadline, originally set for June 30, 2026, will now be September 30, 2026.

“

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.

This decision aims to provide the Federal Government with additional time to complete ongoing projects funded by the budget. The extension followed the swift passage of a bill to amend the Appropriation Act, which Speaker Tajudeen Abbas described as crucial for national economic growth.

“

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

House Leader Prof. Julius Ihonvbere explained that the amendment is necessary because several capital projects remain incomplete. He stressed that the bill does not alter the budget's provisions but merely extends the validity period for capital expenditures. "It is very straightforward," Ihonvbere told lawmakers. "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."

“

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.

Speaker Abbas noted that records indicate the capital budget implementation is still ongoing. "It is therefore in the best interest of this country and the National Assembly for us to extend the budget to September 30 to enable the Federal Government to fulfil its obligations under the 2025 budget," he stated. The House expedited the bill's passage through first, second, and third readings in a single emergency session, suspending relevant standing orders.

“

It is therefore in the best interest of this country and the National Assembly for us to extend the budget to September 30 to enable the Federal Government to fulfil its obligations under the 2025 budget.