2025 Budget: Senate Approves Fresh Extension to December 31

Senate Extends 2025 Budget Implementation To 31st December 2026
The Senate has approved yet another extension of the implementation of the capital component of the 2025 budget from 30th September, 2026 to 31st December, 2026.

The Upper Chamber passed the bill extending the implementation of the 2025 budget capital component to December after a clause-by-clause consideration.

The approval on Tuesday followed a bill for an Act to Amend the 2025 Appropriation Act to further extend the capital components of the Act from 30th September, 2026 to 31st December, 2026, sponsored by the Senate Leader, Senator Opeyemi Bamidele, APC, Ekiti Central.

In his lead debate on the general principles of the bill, Bamidele, who noted that the rationale for the amendment was both compelling and pragmatic, said that the execution of capital projects under the 2025 Appropriation Act had not reached optimal levels, despite the release of approximately allocated funds to MDAs.

In his presentation, Bamidele said he was forwarding “A Bill for an Act to Amend the Appropriations (Repeal & Enactment) Act 2025 to Extend the Implementation of the Capital Aspect of the Appropriations (Repeal & Enactment) Act 2025 from 30th September, 2026 to 31st December, 2026 and for other Related Matters, 2026 (SB. 1067).

“A Bill for an Act to Amend the Appropriations (Repeal & Enactment) Act 2025 to Extend the Implementation of the Capital Aspect of the Appropriations (Repeal & Enactment) Act 2025 from 30th September, 2026 to 31st December, 2026 (SB. 1067).”