JUST IN: Tinubu signs 2025 budget amendment bill - Punch Newspapers
President Bola Tinubu has signed the Appropriation (Amendment) (No. 4) Bill, 2025, extending the implementation period of the 2025 budget from September 30, 2026, to December 31, 2026. The amendment was passed by the Senate and the House of Representatives on Tuesday, September 29, 2026, before being transmitted to the President for assent. According to a statement issued on Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, the extension will give Ministries, Departments and Agencies (MDAs) additional time to complete ongoing capital projects. The statement said the move would ensure that funds already appropriated are fully utilised without disrupting critical government programmes. “The extension gives Ministries, Departments and Agencies more time to complete ongoing capital projects,” the statement said. ‘Tinubu Must Go’: Atiku camp, police clash over arrests 2027: Afenifere endorses Tinubu, seeks credible election 2027: Amaechi urges women to turn hardship into votes “It ensures that funds already appropriated are fully put to work for Nigerians, without disrupting critical programmes.” Tinubu also commended the leadership and members of the National Assembly for what the statement described as the prompt consideration of the amendment. The president said the development demonstrated continued cooperation between the Executive and Legislative arms of government in the interest of the country. The amendment therefore allows the Federal Government to continue implementing the 2025 budget until December 31, 2026, instead of the earlier September 30 deadline. Gilbert Ekugbe Gilbert Ekugbe is a journalist at Punch Newspapers with over a decade of experience reporting on business and economic affairs. He covers markets, corporate developments, finance, and Nigeria’s broader economic landscape. His reporting is informed by extensive newsroom experience and a strong commitment to accuracy and responsible journalism, helping readers understand complex business issues.
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