Nigeria's House of Representatives Repeals and Re-enacts 2024, 2025 Budget Acts for Fiscal Reform

The House of Representatives repealed and re-enacted the 2024 and 2025 Appropriation Acts to improve Nigeria's budget framework and ease implementation challenges. Deputy Spokesman Philip Agbes highlighted the move's aim to align with global standards, reduce oversight burdens, and strengthen accountability.

The prompt action was commended by committee heads like Abubakar Bichi and President Bola Ahmed Tinubu, emphasizing the commitment to fiscal discipline and economic stability. Despite opposition claims, the budget consolidation aims to address economic growth, poverty, and rising living costs in Nigeria.