President Bola Ahmed Tinubu has transmitted revised Appropriation (Repeal and Re-Enactment) Bills for 2024 and 2025 to the National Assembly, proposing significant adjustments to address overlapping budgets and enhance capital expenditure execution.
In a letter dated December 18, 2025, read on the floor of the House of Representatives by Speaker Tajudeen Abbas on December 19, the President requested approval to repeal the existing 2024 Appropriation Act (originally ₦35.06 trillion) and re-enact it at ₦43.56 trillion, covering expenditures through December 31, 2025.
Simultaneously, he seeks to repeal the 2025 Appropriation Act (originally ₦54.99 trillion) and re-enact it at a reduced ₦48.32 trillion, extending its implementation period to March 31, 2026.
The revised 2024 budget breakdown includes:
- Statutory Transfers: ₦1.74 trillion
- Debt Service: ₦8.27 trillion
- Recurrent (Non-Debt) Expenditure: ₦11.27 trillion
- Capital Expenditure/Development Fund: ₦22.28 trillion
- For the revised 2025 budget (extended to March 2026):Statutory Transfers: ₦3.65 trillion
- Debt Service: ₦14.32 trillion
- Recurrent (Non-Debt) Expenditure: ₦13.59 trillion
- Capital Expenditure/Development Fund: ₦16.77 trillion (note: slight variation in sources, approximately ₦16.71–16.77 trillion)
President Tinubu emphasized that the adjustments reflect current fiscal realities and aim for a 30% capital implementation target across all Ministries, Departments, and Agencies (MDAs).
The three-month extension for the 2025 budget is specifically to ensure full release and utilization of these capital allocations.
This submission supersedes an earlier letter dated December 16, 2025. The President described the reforms as measures to eliminate the longstanding issue of multiple concurrent budgets, which has complicated planning, execution, and accountability.
Additional provisions in the bills include:
- Strict application of funds only for scheduled purposes
- Requirement for National Assembly approval on virements (fund reallocation)
- Conditions for correcting genuine errors via corrigenda
- Separate recording and restricted use of excess revenue
- Mandated due-process compliance and periodic reporting on fund releases
The move comes amid preparations for the presentation of the 2026 Appropriation Bill, as Nigeria seeks to streamline its fiscal cycles and improve budget discipline.
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