Nigeria House Extends 2025 Capital Budget to Sep 30

The House of Representatives on Monday approved a three-month extension for the implementation of the capital component of the 2025 national budget, moving the deadline from June 30 to September 30, 2026. The decision, taken during an emergency plenary session, is intended to allow the federal government to complete ongoing capital projects.

The session, presided over by Speaker Tajudeen Abbas, saw lawmakers fast-track a bill to amend the Appropriation Repeal and Enactment Act, 2025, suspending relevant House rules to pass it through first, second, and third readings in a single sitting. The legislation specifically extends the validity period for capital expenditure only, leaving other budget components unchanged.

Leading the debate, House Leader Prof. Julius Ihonvbere stated the extension was necessary because several capital projects had not been fully executed. He warned that failing to extend the budget's lifespan would have a grave impact on national economic growth and development. Ihonvbere emphasized the bill was not altering any part of the existing budget law but merely providing more time for implementation.

Speaker Abbas echoed this sentiment, stating that records...