THE National Assembly’s decision to extend, for a third time, the implementation of the capital component of the 2025 Appropriation Act, from June 30 to September 30, 2026, is yet another symptom of the chaos that has come to define Nigeria’s budget cycles under the Bola Tinubu administration.
Nigeria’s public finance management system has long been plagued by weak planning, poor execution capacity, unrealistic projections, and a persistent inability to align budget promises with implementation realities.
However, since 2023, these failures appear to be amplifying rather than being contained.
The House of Representatives justified the latest extension as necessary to prevent the abandonment of ongoing projects.
House Leader Julius Ihonvbere argued that failure to extend the budget would have “a very grave impact on the growth and development of the national economy.”
Speaker Tajudeen Abbas similarly noted that available records showed that implementation of the capital budget remained incomplete and
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