The Federal Government has announced that implementation of the extended 30 per cent component of the 2025 Capital Budget will commence by the end of next week and continue until November 30, 2026.
The Accountant-General of the Federation, Dr Shamseldeen Babatunde Ogunjimi, disclosed this on Thursday during a stakeholders ’ meeting in Abuja, stating that warrants have already been issued to Ministries, Departments and Agencies (MDAs).
According to him, Treasury House will activate the 30 per cent capital expenditure window next week, while the remaining 70 per cent has been rolled into the 2026 Capital Budget to ensure seamless execution, in line with presidential directives.
The development extends budget implementation beyond the earlier timeline indicated by President Bola Ahmed Tinubu, who had projected that multiple budget cycles would end by March 2026 to pave the way for a single January–December fiscal cycle.
Ogunjimi also confirmed that the Government Integrated Financial Management Information System (GIFMIS) platform has been fully restored and is now operational to support the process.
Earlier, the Minister of State for Finance, Doris Uzoka-Anite, directed MDAs to strictly comply with the provisions of the Public Procurement Act in executing the 2025/2026 Capital Budget.
She warned that no capital payment would be processed outside approved procurement procedures, stressing that all projects must be backed by cash before execution to curb waste and financial mismanagement.
Uzoka-Anite assured stakeholders that adequate funds are available to clear pending obligations and urged MDAs to update documentation promptly to facilitate payments.
In his remarks, Director of Funds, Steve Ehikhamenor, cautioned MDAs against budget overruns, advising them to adhere strictly to approved project values, return unutilised funds to the Treasury, and liaise with GIFMIS officials for technical support where necessary.
The extended implementation follows revenue shortfalls and delays that affected previous budgets. The 2023 budget was extended to December 2024, while the 2024 budget was also prolonged to December 2025 a pattern that has complicated the fiscal calendar and budget execution process.
