The Nigerian Senate has again extended the capital implementation deadline of the 2024 federal budget—this time to 31 December 2025. The decision, made on 24 June 2025 during plenary, prolongs the lifespan of the budget to allow ongoing federal projects to reach completion. The slogan “Time on Credit” reflects this delay.
- The 2024 capital budget now expires on 31 December 2025, following a Senate resolution.
- This is the second extension; the first moved the deadline from December 2024 to June 2025.
- Lawmakers cited a lack of resources and incomplete projects as reasons for the extension.
- Nigeria is now running two budgets simultaneously: 2024 (extended) and 2025 (active).
Time on Credit captures the borrowed breath that the 2024 budget has been granted. Instead of winding down, its heartbeat continues, propped up by urgency, scarcity, and the weight of unfinished national promises.
