The Federal Government has announced that 30 per cent of the 2025 Capital Budget will begin implementation by the end of next week, while the remaining 70 per cent will be rolled over into the 2026 budget to ensure smooth execution. The move comes as part of efforts to address delays and revenue challenges that have stalled budget implementation in recent years.
The announcement was made by the Accountant-General of the Federation, Shamseldeen Ogunjimi, during a stakeholders’ meeting in Abuja. Ogunjimi confirmed that warrants have already been issued to Ministries, Departments, and Agencies (MDAs), and that the GIFMIS platform has been fully restored and is operational.
He explained that the 30 per cent component of the 2025 Capital Budget will be implemented between now and November 30, 2026, while the remaining 70 per cent has been incorporated into the 2026 budget to ensure seamless execution, in line with the President’s directive.
Minister of State for Finance, Doris Uzoka-Anite, urged MDAs to strictly follow the Public Procurement Act when implementing and processing payments for capital projects. She emphasized that all capital payments must be backed by cash and adhere to approved procurement procedures, warning that payments made outside the law would not be processed.
Uzoka-Anite further assured that the government has sufficient funds to settle pending payments and encouraged MDAs to review and update their documentation to enable timely disbursement.
Earlier, Director of Funds, Steve Ehikhamenor, reminded MDAs to avoid budget overruns, stick to approved project items and their values, return unutilized or excess funds to the Treasury, and coordinate with GIFMIS officials for technical support. He also stressed the importance of ensuring all legal documentation is in place.
