Kehinde Fajobi
The National Assembly has extended the implementation of the 2024 Budget by six months, Senate President Godswill Akpabio announced on Wednesday during President Bola Tinubu’s presentation of the 2025 Budget.
Akpabio addressed a joint session of the Senate and House of Representatives, stating, “We shall continue on the part of nationalism and service to our country.”
He continued, “Your Excellency, we have noted the 2024 Budget performance. Given this great achievement, we have deemed it necessary to extend the life span of the 2024 Budget to June 30th, 2025.”
“The enabling law for this extension will soon be placed before you for your assent as a testament to our appreciation for the great performance of the budget, ensuring that we build upon your momentum,” Akpabio added.
The extension comes as part of efforts to capitalise on the strong performance of the 2024 Budget, which was initially set at ₦27.5tn.
Tinubu’s 2025 budget proposal of ₦47.9tn is approximately ₦20tn higher than the 2024 budget.