Nigeria House of Representatives Extends 2025 Capital Budget Implementation to March 2026

The Digest:

The House of Representatives has approved President Bola Tinubu’s request to extend the implementation period for the capital component of the 2025 budget, pushing the deadline to March 31, 2026.

Key Points:

• The House of Representatives has extended the 2025 capital budget implementation period to March 31, 2026.
• The extension was approved alongside the repeal and re-enactment of both the 2024 and 2025 Appropriation Acts.
• President Tinubu requested the changes to enable full capital fund releases to all MDAs.
• A total of N16.76 trillion was cut from the 2025 capital budget and rolled over to 2026 due to funding constraints.
• The House Committee on Appropriations cited the need to balance responsiveness with fiscal responsibility.
• The practice of overlapping budget cycles was acknowledged as undermining clarity and fiscal discipline.
• The House has adjourned plenary until January 27, 2026.

This extension reflects the enduring challenge of aligning fiscal plans with economic reality, a procedural adjustment that seeks to salvage execution in a constrained environment, even as it stretches the very definition of an annual budget cycle.

Sources: The Cable, Punch