President Bola Tinubu has signed into law the amended 2025 appropriation (amendment) (No.4) bill, extending the implementation period of the budget from September 30 to December 31, 2026.
Bayo Onanuga, special adviser on information and strategy to
the president, said in a statement issued on Wednesday that the assent followed
the “swift passage” of the amended bill by both the senate and the house of
representatives on Tuesday.
Onanuga said the extension gives ministries, departments and
agencies (MDAs) more time to complete ongoing capital projects.
“It ensures that funds already appropriated are fully put to
work for Nigerians, without disrupting critical programmes,” the statement
reads.
“The President commended the leadership and members of the
National Assembly for their prompt consideration of the bill, a further sign of
the cooperation between the Executive and the Legislature in the service of the
nation.”
Speaking on Tuesday during the passage of the bill at
plenary, Opeyemi Bamidele, the senate leader, had said the extension would
allow the MDAs more time to complete capital projects for which funds had
already been appropriated and released.
Bamidele said procurement, contract execution, mobilisation,
certification of works and payment processes could affect the implementation of
projects within the existing timeframe.
This is the fourth time the national assembly has moved the
deadline for implementing the 2025 capital budget.
On December 23, 2025, lawmakers approved a three-month
extension of the capital budget, pushing the deadline to March 31, 2026, after
repealing and re-enacting the 2024 and 2025 Appropriation Acts.
On March 31, the senate and house of representatives again
extended the implementation deadline from March 31 to June 30.
On June 15, the national assembly extended the capital
component of the budget from June 30 to September 30.
At the time, Bamidele said the execution of capital projects
under the 2025 Appropriation Act had not reached an optimal level.
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