Senate Extends 2025 Capital Budget Deadline to September

On Thursday, the Nigerian Senate approved a three-month extension for the implementation period of the capital component of the 2025 Appropriation Act, shifting the deadline from June 30, 2026, to September 30, 2026. This decision, sponsored by Senate Chief Whip Tahir Munguno, aims to salvage ongoing projects and enable ministries, departments, and agencies (MDAs) to fully utilize funds already released by the Federal Government.

This marks the third extension granted for the capital component of the 2025 budget, following previous extensions from December 31, 2025, to March 31, 2026, and then to June 30, 2026. Munguno expressed concerns that projects in the 2025 budget may not be reintroduced in future appropriation cycles, potentially creating a funding gap.

Senate Appropriations Committee Chairman Olamilekan Adeola noted that while payments for capital projects have commenced, significant obligations remain outstanding. Senate President Godswill Akpabio emphasized the need for prudent management of public resources and expressed confidence that the additional three-month window would enable the government to settle outstanding commitments.