FG kicks off 2024 project payments, eyes March 2026 deadline
President Bola Tinubu
Abdullateef Fowewe
The Federal Government has launched payments for outstanding 2024 capital projects while addressing debts from previous administrations, according to Sunday Dare, Special Adviser on Media & Public Communication to President Bola Tinubu.
In a post on X (formerly Twitter), Dare announced the move as a key step toward accelerating infrastructure delivery.
“PAYMENTS FOR OUTSTANDING 2024 CAPITAL PROJECTS HAVE NOW COMMENCED, IN ADDITION TO SETTLEMENT OF INDEBTEDNESS FROM PREVIOUS ADMINISTRATIONS,” he wrote.
The initiative includes full implementation of capital components from both the 2024 and 2025 budgets, with a firm target completion date of March 31, 2026.
Dare outlined the timeline clearly, “Payments for outstanding 2024 capital projects have now commenced” and “Full implementation of the capital components in both the 2024 and 2025 budgets targeted for completion on or before March 31, 2026.”
To ensure swift execution of the 2025 capital budget, all Ministries, Departments, and Agencies (MDAs) have been directed to submit their cash plans by close of business on Monday, February 23, 2026.
“Payment processing will begin immediately thereafter,” Dare added.
The announcement comes amid ongoing efforts to boost economic recovery and public trust in the Tinubu administration’s fiscal management, with stakeholders watching closely for on-time delivery.
