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Senate Extends 2025 Capital Budget Implementation to September
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Senate on Thursday approved a fresh three-month extension of the implementation period for the capital component of the 2025 Appropriation Act. It shifted the deadline from June 30, 2026, to September 30, 2026, in a move aimed at salvaging ongoing projects and enabling ministries, departments and agencies (MDAs) to fully utilise funds already released by the federal government.
The decision, which followed the adoption of a motion sponsored by Senate Chief Whip, Senator Tahir Munguno, marked the third extension granted to the capital component of the 2025 budget.
The National Assembly had initially extended the implementation period from December 31, 2025, to March 31, 2026, and later from March 31 to June 30, 2026, before Thursday’s latest shift to September 30.
With the extension, MDAs will have an additional three months to complete ongoing capital projects, process outstanding payments, and meet contractual obligations tied to projects captured in the 2025 fiscal plan.
Leading debate on the motion, Munguno said the extension became imperative because a substantial portion of funds released for approved projects and programmes had yet to be utilised owing to procurement timelines, project execution challenges, and other administrative bottlenecks.
According to him, several strategic projects across key sectors of the economy are already at advanced stages of implementation and require additional time for completion, certification and payment.
He warned that allowing the implementation window to lapse at the end of June could result in the abandonment of critical projects, waste public resources already committed to them, and disrupt ongoing government interventions.
Munguno also expressed concern that some projects contained in the 2025 budget might not be reintroduced in future appropriation cycles, thereby creating funding gaps and undermining national development objectives.
He stated that extending the validity of the capital component would promote efficient utilisation of public funds, improve budget performance and support economic growth.
“The Senate is convinced that granting a further extension of the implementation period is in the national interest and will ensure value for money in public expenditure,” he said.
Chairman of Senate Committee on Appropriations, Senator Olamilekan Adeola, who seconded the motion, said although payment for some capital projects had commenced, numerous obligations remained outstanding.
Adeola recalled that President Bola Tinubu had earlier informed the National Assembly that only about 30 per cent of the funds required for the outstanding 2025 capital commitments would be accommodated through the rollover arrangement, while the balance would be reflected in the 2026 budget framework.
“Payment has commenced, but we still have a lot of outstanding obligations to settle,” he said, urging lawmakers to support the extension.
In his remarks, President of the Senate, Senator Godswill Akpabio, said the decision was consistent with the constitutional responsibility of the National Assembly to ensure effective implementation of the budget and prudent management of public resources.
Akpabio recalled that when Tinubu presented the budget, it was envisaged that only a portion of the capital expenditure would be fully implemented within the approved timeframe, while the balance would be accommodated through subsequent budgetary provisions.
He stated that implementation challenges had earlier necessitated the extension of the capital component to June 30, 2026, but said outstanding obligations still remained significant.
Akpabio stated, “Although payments have commenced, a considerable number of obligations remain outstanding. It has therefore become necessary, in the interest of effective budget execution and accountability, to further extend the implementation period beyond June 30, 2026, to September 30, 2026.”
The senate president expressed confidence that the additional three-month window would enable the government to settle all outstanding commitments under the affected component of the budget, while ensuring that implementation of projects under the subsequent fiscal cycle proceeded without disruption.
The latest extension underscores the persistent implementation challenges confronting federal capital budgets and highlights the government’s efforts to avoid project abandonment amid ongoing fiscal and administrative constraints.
The Permanent Chairman of the Southern Nigerian Traditional Rulers Council (SNTRC), Arole Oodua Olofin Adimula and the Natural Head of the Oduduwa race worldwide, the Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, has rubbished reports circulating on social media alleging that he conferred a chieftaincy title on popular Nollywood actor and comedian, James Olanrewaju, popularly known as Baba Ijesha.
In a statement on Saturday by the Director of Media and Public Affairs, Ooni’s Palace, Otunba Moses Olafare said the Ooni clarified that although he warmly received the actor and his wife at the Ile Oodua Palace on Wednesday to celebrate the birth of his son and presented him with a brand-new car and cash gifts as a demonstration of his fatherly love and royal generosity, no chieftaincy title was conferred on him.
According to him, the expression “Awada Konge Oduwa,” which Baba Ijesha later described on his social media pages as a chieftaincy title, was merely a light-comedy remark made by the Ooni during a relaxed interaction in recognition of the actor’s outstanding career as a comedian.
The remark was never intended to constitute a formal installation or conferment of a traditional title.
The Ooni noted that Baba Ijesha, as an indigene of Ile-Ife and a proud son of the source, is deserving of honour and could be considered for a chieftaincy title in the future.
However, no such title has been conferred on him.
“The conferment of chieftaincy titles in Ile-Ife remains a sacred traditional process governed by established customs, consultations and traditional rites, which are publicly conducted in accordance with the age-long traditions of the source. None of these customary procedures took place during the actor’s visit to the Palace, “he said.
While appreciating Baba Ijesha for acknowledging the royal kindness extended to him and his family, the Ooni urged media organisations and members of the public to disregard reports claiming that the actor has been installed as the “Awada Konge Oduwa” or conferred with any chieftaincy title.
The Ooni reaffirmed his commitment to celebrating and supporting deserving sons and daughters of Ile-Ife and the Oodua race at large while preserving the sanctity, dignity and integrity of the revered traditional institution of chieftaincy.
The Presidency has called on security and anti-graft agencies to identify, arrest and prosecute government officials who may have collaborated with Prince Matthew Adeniyi Adeyemi in the alleged operation of two fictitious federal government agencies.
Adeyemi is accused of creating the Presidential Foreign Intervention Promotion Council and the Presidential Economic Advisory Council using allegedly forged documents purportedly linked to the Presidency.
In a statement on his verified X handle, the Senior Special Assistant to President Bola Ahmed Tinubu on Media and Publicity, Temitope Ajayi, said investigators must go beyond Adeyemi and expose the internal network that allegedly enabled him to operate for an extended period.
Ajayi urged the Department of State Services (DSS), the Nigeria Police Force (NPF) and the Economic and Financial Crimes Commission (EFCC) to investigate all officials within public institutions who may have aided the alleged scheme.
According to Ajayi, much of the public debate has ignored the fact that government institutions detected the alleged fraud and acted on it.
He said officials of the Nigerian Investment Promotion Commission, working with officers of the Ministry of Foreign Affairs, first discovered inconsistencies in Adeyemi’s operations and reported the matter to the appropriate authorities.
“Contrary to the anything-goes narrative being promoted, it was the system itself that raised the red flag and dealt with it administratively,” Ajayi said.
He, however, acknowledged that the suspect could not have operated for long without help from insiders.
“What is not in doubt is that internal collaborators enabled Adeyemi to get this far. That is precisely what investigators from the DSS, the Police and the EFCC must now unravel.
“The criminal network within the affected institutions must be dismantled and everyone found to have played a role should be arrested and prosecuted,” he said.
The Presidency had earlier disowned the disowned the two organisations, insisting that they did not exist as government agencies.
It also maintained that the Chief of Staff to the President, Femi Gbajabiamila, neither authorised Adeyemi’s activities nor had any connection with them.
“In Nigeria, the easiest and most believable allegation anyone can throw at a public officer is corruption.
“Once that accusation is thrown into the mix, the water is polluted, the lines are blurred and everyone is kept busy arguing over distractions rather than the real issues,” he wrote.
He described Adeyemi as “an irredeemable con artist” who was using allegations against the Chief of Staff as “his last straw” to avoid criminal liability.
The Presidency insisted that the case should not be framed as evidence of complicity at the highest levels of government, but as an alleged fraud uncovered by the system itself.
Transmission Company of Nigeria, TCN, Abuja Region has announced a planned preventive maintenance at the Katampe 132/33 KiloVolt (kV) Transmission Substation on Saturday from 9:00am to 4:00pm.
General Manager, Public Affairs of the TCN, Mrs Ndidi Mbah, made this announcement in a statement in Abuja on Saturday.
Mbah said the scheduled maintenance is to enable TCN’s maintenance crew carry out preventive maintenance on the 100 Mega Volt Ampere (MVA) 132/33kV Power Transformer (TR1), its auxiliaries, and associated switchgear in the substation.
”Consequently, Abuja Electricity Distribution Company, AEDC, will be unable to off-take bulk power for distribution to customers in parts of Mpape, Maitama, Jahi, Life Camp,
”Others are Kado Fish Market, Idu-Karmo, and their environs during the maintenance period,” she said.
According to her, the company regrets any inconvenience the planned outage may cause electricity customers in the affected areas.
She added that equipment maintenance is essential to ensure their continued optimal performance.
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