The House of Representatives has approved the extension of the implementation of the capital component of the 2025 budget from June 30, 2026, to September 30, 2026.
Approval of the extension came during an emergency sitting of the Green Chamber.
Acting Clerk of the House of Representatives, Ibrahim Sidi, had notified members of the sitting in a memo issued on Sunday. The session was convened at 11 a.m. pursuant to Order Five, Rule 2(2) of the House Standing Orders.
POLITICS NIGERIA reports that the Leader of the House, Julius Ihonvbere, led the debate on the general principles of the bill seeking to extend the lifespan of the capital expenditure. He noted that substantial funds released to Ministries, Departments, and Agencies remained unspent due to administrative bottlenecks, procurement delays, and implementation challenges.
He added that the extended window aims to prevent the abandonment of critical infrastructural projects across the country, allow time for ongoing projects to be finished, and settle outstanding obligations.
