The federal government has announced that 30 per cent of the 2025 capital budget will be executed by November 2026, as part of efforts to ensure timely and effective project implementation.
The Accountant-General of the Federation, Mr Shamseldeen Ogunjimi, disclosed this during a stakeholders’ meeting in Abuja, according to a statement issued by the Office’s spokesperson, Mr Bawa Mokwa, on Thursday.
Ogunjimi stressed that the remaining 70 per cent of the 2025 budget has been rolled over into the 2026 capital budget, noting that the move is aimed at maintaining continuity and seamless execution in line with directives from President Bola Tinubu.
The AGF also confirmed that warrants have been issued to ministries, departments and agencies (MDAs) to facilitate implementation and that the Government Integrated Financial Management Information System (GIFMIS) platform has been fully restored to support the process.
In her address, the Minister of State for Finance, Mrs Doris Uzoka-Anite, said that all capital payments must comply with the provisions of the Public Procurement Act.
Uzoka-Anite warned that no payment should be processed outside approved procurement procedures, adding that the nation has sufficient funds to settle pending obligations.
She further urged officials to review and update their documentation to facilitate the timely processing of payments.
Earlier, the Director of Funds, Mr Steve Ehikhamenor, told the MDAs to avoid budget overruns and strictly adhere to approved project items and their corresponding values.
He further cautioned MDAs not to exceed the amounts specified in their warrants, to return any unutilised or excess funds to the Treasury, and to liaise with GIFMIS officials for necessary technical support. He also encouraged them to ensure and abide by all relevant legal documentation
