The Federal Government has said it will implement 30% of the 2025 capital budget before the end of November, as part of measures to fast-track project execution and clear outstanding obligations.
Punch reports he move follows a directive to Ministries, Departments and Agencies to comply strictly with procurement rules in the execution and payment of capital projects under the extended 2025 budget cycle.
In a statement released on Thursday by the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, the government said MDAs had been instructed to align fully with the Public Procurement Act in implementing the 2025 and 2026 capital budgets.
It stated that the Minister of State for Finance, Mrs Doris Uzoka-Anite, gave the directive during a stakeholders’ meeting on the implementation of the extended 2025 Capital Budget held at the Federal Ministry of Finance in Abuja.
The statement read, “Mrs Uzoka-Anite emphasised that all capital payments must comply with the principles of the Procurement Act and that capital projects must be backed by cash before execution.
“She warned that no capital payment should be processed outside approved procurement procedures.”
The statement noted, “The Minister further stated that the nation has adequate funds to settle pending payments and urged MDAs to review and update their documentation to facilitate the timely processing of payments.”
Implementation Currently Ongoing
Providing further details, the Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, disclosed that the Government Integrated Financial Management Information System had been fully restored.
Ogunjimi reiterated that warrants had already been issued to MDAs and announced that Treasury House would begin implementation of the 30% component of the 2025 budget by the end of next week.
The statement added, “Dr Ogunjimi explained that 30% of the 2025 Capital Budget will be implemented between now and 31 November 2026, while the remaining 70 per cent has been rolled over into the 2026 Capital Budget to ensure seamless implementation, in line with the directive of President Bola Tinubu.
“He reiterated that warrants have already been issued to MDAs and announced that Treasury House will commence implementation of the 30 per cent component of the 2025 Budget by the end of next week.”
The decision effectively means that a significant portion of last year’s capital allocations will now be executed within the current fiscal window, while the bulk has been carried forward into the 2026 capital framework to avoid disruption of ongoing projects.
