Posted by Samuel on Fri 19th Dec, 2025 - tori.ng
The request was conveyed in a letter dated December 18, 2025, and read on Friday during a special plenary of the House of Representatives by Speaker Tajudeen Abbas.
President Bola Tinubu has sought the National Assembly’s approval to extend the implementation of the 2025 Appropriation Act to March 31, 2026, as part of efforts to end the long-standing issue of overlapping budget cycles.
The request was conveyed in a letter dated December 18, 2025, and read on Friday during a special plenary of the House of Representatives by Speaker Tajudeen Abbas.
Tinubu said the new letter supersedes an earlier communication sent on December 16, 2025, explaining that the extension is part of broader fiscal reforms designed to improve planning, execution, and accountability in public spending.
According to the President, the proposed adjustment would allow the release of at least 30 percent of capital allocations to ministries, departments, and agencies, MDAs, noting that delays in fund releases have continued to weaken budget performance.
He disclosed that the proposal includes the repeal and reenactment of the 2024 and 2025 Appropriation Acts. Under the plan, the 2024 budget would be revised upward to N43.56 trillion, while the 2025 budget would be adjusted to N48.32 trillion and extended to run until March 31, 2026.
Tinubu explained that the amendments would also capture items not previously recognized and align budget implementation with current fiscal realities and execution capacity.
He urged lawmakers to consider and pass the bills quickly in the interest of national development.
Since Tinubu assumed office in May 2023, the Federal Government has grappled with overlapping budgets due to delays in budget passage, revenue shortfalls, and slow release of capital funds.
Meanwhile, the President is expected to present the 2026 budget to the National Assembly on Friday.