The Senate on Tuesday approved another extension of the capital component of the 2025 budget, moving the implementation deadline from September 30, 2026 to December 31, 2026.
The Upper Chamber passed the bill after a clause-by-clause consideration.
The bill, a Bill for an Act to Amend the Appropriations (Repeal & Enactment) Act 2025 to Extend the Implementation of the Capital Aspect of the Act from 30th September, 2026 to 31st December, 2026 and for Other Related Matters, 2026 (SB. 1067), was sponsored by the Senate Leader, Senator Opeyemi Bamidele (APC, Ekiti Central).
Leading the debate on its general principles, Bamidele described the rationale for the amendment as compelling and pragmatic. He said the execution of capital projects under the 2025 Appropriation Act had not reached optimal levels, despite the release of a significant portion of allocated funds to Ministries, Departments and Agencies (MDAs).
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