Dr. Uzoka-Anite confirmed that overhead payments were already processed last Friday, ensuring that operational costs are covered while capital projects begin to receive funding. The total capital expenditure outlined in the 2025 budget stands at ₦23.96 trillion, with a strong emphasis on critical sectors such as infrastructure development, energy, and road construction. These projects are expected to drive economic growth and improve public services across the country.
The minister further clarified that the implementation of the 2025 budget will continue until next month, ensuring that all allocated funds are utilized effectively. However, only 30% of the total capital budget is being released at this stage, while the remaining 70% has been deferred to the 2026 budget. This rollover strategy is designed to guarantee the completion of ongoing and planned projects without financial interruptions.
The announcement follows recent discussions between the executive and legislative arms of government. Last week, Dr. Uzoka-Anite and other members of the Presidential Economy Team appeared before the Senate Appropriation Committee to defend the 2026 budget proposal. During the session, lawmakers expressed concerns over delays in funding the capital components of the 2025 budget, prompting the minister to provide updates on the disbursement timeline.
President Bola Ahmed Tinubu, in his presentation of the 2026 budget, outlined a consolidated approach to managing the rolled-over funds from the 2024 and 2025 budgets. He requested legislative approval to extend the implementation period for these allocations until March 2026, ensuring that all projects receive adequate funding before the new budget takes full effect. This phased approach aims to maintain fiscal discipline while addressing the urgent need for infrastructure and development initiatives.
The decision to stagger the release of funds reflects the government’s commitment to prudent financial management. By allocating a portion of the capital budget now and reserving the rest for the following year, authorities hope to avoid bottlenecks and ensure that projects are executed efficiently. The focus on infrastructure and energy aligns with broader economic goals, including job creation, improved transportation networks, and enhanced power supply.
As the disbursement process begins, stakeholders will be closely monitoring the utilization of funds to ensure transparency and accountability. The successful execution of these projects could have a transformative impact on Nigeria’s economy, providing long-term benefits for businesses and citizens alike. The government’s emphasis on timely implementation underscores its determination to deliver tangible results and foster sustainable development.
