FG to Execute 30% of 2025 Capital Budget by Nov 2026

The Federal Government of Nigeria intends to implement 30% of the 2025 capital budget before November 2026, as disclosed by Dr. Shamseldeen Ogunjimi, the Accountant General of the Federation, during a stakeholder meeting held at the Federal Ministry of Finance in Abuja.

A statement issued on Thursday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General, confirmed that the government has restored its integrated financial management information system to facilitate smoother capital payment processes. Ogunjimi indicated that the Treasury House would begin executing the 30% component of the 2025 budget by the end of the following week, with a significant portion of the 2025 capital allocation being carried forward into the 2026 capital framework to avoid disruptions in ongoing projects.

Mr. Dori Uzoka, Minister of State for Finance, emphasized the need for strict compliance with the Public Procurement Act in executing the budgets, while Steve Ehikhamenor cautioned agencies against exceeding approved allocations to prevent budget overruns.