The Nigerian Senate has approved an extension of the implementation of the capital component of the 2025 budget from September 30 to December 31, 2026.

The extension followed the passage of a bill sponsored by Senate Leader Opeyemi Bamidele, allowing Ministries, Departments and Agencies to complete ongoing projects and utilise appropriated funds.

Bamidele said the move was necessary because the implementation of capital projects had not reached optimal levels, despite the release of funds to government agencies.

This is the third extension of the 2025 capital budget. The National Assembly had earlier moved the deadline from March 31 to June 30, and later to September 30.

The latest extension means funds allocated for the 2025 capital budget will remain available until December 31, subject to President Bola Tinubu’s assent.

The decision comes despite the Federal Government’s earlier pledge to end overlapping budget cycles and operate within a single revenue cycle.