BREAKING: Senate extends 2025 budget implementation to Dec. 31, 2026

The Senate has approved another extension of the implementation period for the capital component of the 2025 Appropriation Act from September 30, 2026, to December 31, 2026.

The Upper Chamber approved the extension on Tuesday after considering and passing the amendment bill clause by clause.

The bill, sponsored by the Senate Leader, Senator Opeyemi Bamidele (APC, Ekiti Central), seeks to further extend the implementation period of the capital component of the 2025 budget.

Leading the debate on the general principles of the bill, Bamidele said the amendment was necessary because the implementation of capital projects under the 2025 Appropriation Act had not reached optimal levels despite the release of allocated funds to Ministries, Departments and Agencies (MDAs).

Bamidele said he was presenting “A Bill for an Act to Amend the Appropriations (Repeal & Enactment) Act 2025 to Extend the Implementation of the Capital Aspect of the Appropriations (Repeal & Enactment) Act 2025 from 30th September, 2026 to 31st December, 2026 and for other Related Matters, 2026 (SB. 1067).”

The Senate Leader described the rationale for the amendment as “both compelling and pragmatic”, stressing the need to allow more time for the implementation of ongoing capital projects.

The Senate subsequently considered the bill clause by clause and approved the extension of the implementation deadline to December 31, 2026.

Details later.