President Bola Tinubu has requested the National Assembly’s consent to extend the lifespan of the 2025 Appropriation Act to March 31, 2026, in a bid to address the recurring issue of overlapping budget cycles.
The appeal was made in a letter dated December 18, 2025, which was presented on Friday during a special plenary of the House of Representatives by Speaker Tajudeen Abbas.
According to Bola Tinubu, the latest correspondence replaces an earlier submission dated December 16, 2025, adding that the proposed extension forms part of broader fiscal reforms intended to enhance budget planning, implementation, and transparency in public spending.
According to the President, Bo, the proposed adjustment would allow the release of at least 30 percent of capital allocations to ministries, departments, and agencies, MDAs, noting that delays in fund releases have continued to weaken budget performance.
He disclosed that the proposal includes the repeal and reenactment of the 2024 and 2025 Appropriation Acts. Under the plan, the 2024 budget would be revised upward to N43.56 trillion, while the 2025 budget would be adjusted to N48.32 trillion and extended to run until March 31, 2026.
Bola Tinubu explained that the amendments would also capture items not previously recognized and align budget implementation with current fiscal realities and execution capacity. He urged lawmakers to consider and pass the bills quickly in the interest of national development.
It was reported that since Bola Tinubu assumed office in May 2023, the Federal Government has grappled with overlapping budgets due to delays in budget passage, revenue shortfalls, and slow release of capital funds.
Meanwhile, the President is expected to present the 2026 budget to the National Assembly on Friday.
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