Nigerian House of Representatives Re-enacts Budgets to Streamline Processes
The Nigerian House of Representatives is working to streamline budget processes by repealing and re-enacting the 2024-2025 budgets to enhance transparency and accountability. This move, supported by President Bola Tinubu, aims to align Nigeria's budgeting with global best practices.
The re-enactment is expected to reduce fiscal confusion, improve resource allocation, and enhance project outcomes. Led by representatives like Philip Agbes and Abubakar Bichi, the legislative action is set to establish a single national budget cycle starting from March 31, 2026.
The House has approved the extension of the implementation of the 2025 budget until March 31, 2026, following the passage of the repeal and re-enactment bill.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
Read full article
Continue on NairaMetrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Bola Tinubu Proposes Repealing and Extending Nigerian Budgets for Fiscal Reform
Nigeria to Adopt Single Budget Cycle from April 2026, President Tinubu Declares
President Tinubu Shifts Nigeria to Single Annual Budget Cycle from April 2026
Tinubu Calls for Repeal and Re-enactment of 2024, 2025 Budgets for Better Fiscal Coordination
Nigeria's House of Representatives Repeals and Re-enacts 2024, 2025 Budget Acts for Fiscal Reform
Bola Tinubu's Budget Reform Agenda in Nigeria
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
