Share!
The Nigerian Senate has approved a three-month extension for the capital component of the 2025 Appropriation Act, shifting the deadline from June 30 to September 30, 2026.
The move, adopted after a motion by Senator Tahir Monguno, aims to prevent project abandonment and ensure full utilisation of funds already released to MDAs.
Senate Leader Opeyemi Bamidele explained that delays in procurement and administrative processes had slowed implementation despite substantial releases.
“A number of strategic capital projects across critical sectors are at advanced stages of completion and require additional time for execution, certification and payment,” he said.
Bamidele warned that without the extension, projects could be abandoned, leading to wasted resources and disruption of government programmes.
Following debate, Senate President Godswill Akpabio put the proposal to a voice vote, which was overwhelmingly approved.
Lawmakers argued that the extension would improve budget performance, reduce waste, and ensure ongoing infrastructure projects are completed.
The chamber emphasised that the extension applies strictly to the capital component of the 2025 budget, reinforcing fiscal discipline and value for money in public spending.
The resolution will now be transmitted to the House of Representatives for concurrence, giving MDAs until September 30, 2026 to complete execution, certification, and payment processes for capital projects
No related posts.
