Tinubu seeks repeal, extension of 2025 budget

President Bola Ahmed Tinubu has asked the National Assembly to repeal and re-enact the 2024 and 2025 Appropriation Acts, while also seeking an extension of the 2025 budget implementation to March 31, 2026.

The request was contained in a letter dated December 18, 2025, addressed to the Speaker of the House of Representatives, Abbas Tajudeen, and read on the floor of the House on Friday.

In the letter, President Tinubu transmitted the Appropriation (Repeal and Re-Enactment) Bills, 2024 and 2025, for legislative consideration in line with constitutional and appropriation procedures.

According to the President, the 2024 Appropriation Act of N35.06 trillion is to be repealed and re-enacted at N43.56 trillion. The revised figure comprises N1.74 trillion for statutory transfers, N8.27 trillion for debt service, N11.27 trillion for recurrent (non-debt) expenditure, and N22.28 trillion for capital expenditure and development fund contributions for the year ending December 31, 2025.

Similarly, the President proposed the repeal of the 2025 Appropriation Act of N54.99 trillion and its re-enactment at N48.32 trillion.

Tinubu said the reworked 2025 budget consists of N3.65 trillion for statutory transfers, N14.32 trillion for debt service, N13.59 trillion for recurrent (non-debt) expenditure, and N16.71 trillion for capital expenditure and development fund contributions.

The re-enacted 2025 budget is expected to run until March 31, 2026, instead of December 31, 2025.

President Tinubu explained that the proposed repeal and re-enactment were intended to accommodate budget items not previously recognised and to reflect a revised capital implementation target of 30 per cent.

He said the adjustment aligns with current fiscal realities and execution capacity, while ensuring credible and transparent budget performance. According to him, the extension of the 2025 budget would allow for the full release of the targeted 30 per cent capital funds across all ministries, departments and agencies (MDAs).

The President noted that the move forms part of broader fiscal reforms aimed at eliminating the overlap of multiple concurrently running budgets, improving planning, strengthening execution and enhancing accountability in public expenditure.

He added that the bills also seek to reinforce implementation discipline by ensuring that appropriated funds are released strictly for their approved purposes, limiting virement to cases approved by the National Assembly, and setting conditions for corrigenda where genuine errors may affect implementation.

Other provisions include separate recording of excess revenue, restricting its expenditure to legislative approval, mandatory compliance with due process, and periodic reporting on fund releases and agency-generated revenues.

Tinubu informed the House that the submission supersedes an earlier letter transmitted to the House, dated December 16, 2025, and urged lawmakers to consider and pass the bills expeditiously.

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