Tinubu asks lawmakers to extend 2025 budget to March 2026
President Bola Ahmed Tinubu has asked the National Assembly to extend the implementation of the 2025 budget from December 31, 2025 to March 31, 2026. He also wants approval to consolidate the capital components of the 2024 and 2025 budgets as part of wider fiscal reforms. Tinubu made the request in a letter dated December 18, which was read at Friday’s plenary by the Speaker of the House of Representatives, Abbas Tajudeen. He noted that the new letter replaces his earlier correspondence on the same subject dated December 16. In the letter, the President transmitted Appropriation (Repeal and Re enactment) Bills for 2024 and 2025 to the National Assembly. He explained that the bills seek to repeal the existing 2024 and 2025 Appropriation Acts and replace them with revised spending frameworks. For 2024, Tinubu proposed repealing the N35.06 trillion budget […]