FG to commence 30% implementation of 2025 capital budget next week

The Federal Government has disclosed that implementation of the extended 30 per cent of the 2025 budget begin by the end of next week.

It also said that the implementation will run till November 30 2026, contrary to the earlier promise by the President that the practice of running multiple budgets would end by March 2026, and from April, Nigeria would operate on a single budget supported by a single revenue cycle.

The Accountant-General of the Federation, Dr. Shamseldeen Babatunde Ogunjimi, who made this known during a stakeholders meeting on the implementation of the extended 2025 Capital Budget held in Abuja on Thursday, noted that warrants have already been issued to MDAs and that Treasury House will commence implementation of the 30 per cent component of the 2025 Budget by the end of next week.

Dr. Ogunjimi said that 30 per cent of the 2025 Capital Budget will be implemented between now and November 30 2026, while the remaining 70 per cent has been rolled over into the 2026 Capital Budget to ensure seamless implementation, in line with the directive of the President.

He disclosed that the GIFMIS platform has been fully restored and is now operational.

Earlier, the Minister of State for Finance, Mrs. Doris Uzoka-Anite, directed Ministries, Departments and Agencies (MDAs) to strictly adhere to the provisions of the Public Procurement Act in the implementation and payment of the 2025/2026 Capital Budget. This, she said, is to curb the inherent waste associated with budget implementation in the country.

She emphasised that all capital payments must comply with the Procurement Act’s principles and that capital projects must be backed by cash before execution.