The Senate has approved a further extension of the implementation period for the capital component of the 2025 Appropriation Act, moving the deadline from September 30 to December 31, 2026.
The decision followed the consideration and passage of a bill seeking to amend the 2025 Appropriation Act during Tuesday’s plenary.
The bill was sponsored by the Senate Leader, Senator Opeyemi Bamidele, representing Ekiti Central.
Leading the debate on the bill, Bamidele said the extension was necessary because the implementation of capital projects under the 2025 budget had not reached optimal levels, despite the release of funds to Ministries, Departments and Agencies.
He argued that the additional three months would provide more time for ongoing capital projects to be completed and for outstanding financial obligations to be settled.
The Senate subsequently considered the bill clause by clause before approving the extension of the implementation period to December 31, 2026.
The latest decision represents a further adjustment to the lifespan of the 2025 capital budget, which had previously been extended to September 30, 2026.
The Senate said the extension was intended to facilitate continued implementation of approved capital projects and improve the utilisation of funds already allocated for them.
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