The National Assembly on Wednesday extended the implementation of the 2024 Budget by six months, Edum News reports.
The extension was disclosed by Senate President Godswill Akpabio during the 2025 Budget presentation by President Bola Tinubu.
According to Akpabio, the extension which will last till June 30, 2025 is due to the good performance of the budget.
He said, “We shall continue on the part of nationalism and service to our country. Your Excellency, we have noted the 2024 Budget performance.
“Given this great achievement, we have deemed it necessary to extend the life span of the 2024 Budget to June 30th, 2025. The enabling law for this extension will soon be placed before you for your assent as a testament to our appreciation for the great performance of the budget, ensuring that we build upon your momentum.”
The President’s 2025 N47.9tn budget proposal was about N20tn higher than that of 2024.
Recall that Tinubu had in December 2023, presented the 2024 budget proposal of N27.5tn, before the National Assembly.
However, in the same month, the Senate increased the bill by N1.2tn and approved N28.7tn for the 2024 Budget.
