President Bola Tinubu has requested the National Assembly’s approval to extend the implementation of the 2025 Appropriation Act to March 31, 2026, in a move aimed at ending the long-standing problem of overlapping budget cycles.
The request was conveyed in a letter dated December 18, 2025, and read on Friday during a special plenary of the House of Representatives by Speaker Tajudeen Abbas.
Tinubu said the new letter supersedes an earlier communication sent on December 16, 2025, explaining that the extension is part of broader fiscal reforms designed to improve planning, execution, and accountability in public spending.
According to the President, the proposed adjustment would allow the release of at least 30 percent of capital allocations to ministries, departments, and agencies, MDAs, noting that delays in fund releases have continued to weaken budget performance.