Tinubu Calls for Repeal and Re-enactment of 2024, 2025 Budgets for Better Fiscal Coordination

Nigerian politician Tinubu has requested the National Assembly to repeal and re-enact the 2024 and 2025 budgets to enhance fiscal coordination and project delivery. The proposed adjustments aim to align budget items with current fiscal realities and improve transparency.

The move seeks to extend the lifespan of the 2025 budget beyond the conventional deadline to March 31, 2026, allowing for improved capital project delivery. The revisions include changes in statutory transfers, debt service, recurrent non-debt expenditure, and capital expenditure development fund contributions.