Tinubu Seeks Repeal and Extension of 2025 Budget for Fiscal Reform

Nigerian politician Tinubu has written to the Speaker of the House of Representatives seeking the repeal and extension of the 2025 budget to align with current fiscal realities. The proposed changes include adjustments to statutory transfers, debt servicing, recurrent and capital expenditures.

The move is part of broader fiscal reforms to enhance budget performance and transparency. The goal is to ensure appropriate fund releases and limit unauthorized virements.

The extension aims to allow the full release of capital funds across ministries and agencies.