National Assembly extends lifespan of 2024 budget to June 2025

Abdullateef Fowewe

The Senate President, Godswill Akpabio, has announced that the National Assembly has decided to extend the lifespan of the 2024 budget beyond December 31 this year due to the impressive performance of the year’s national budget.

Akpabio disclosed this on Wednesday in his opening remarks during the presentation of the 2025 national budget to a joint session of the federal parliament.

Akpabio said, “We have noted the 2024 budget performances of 50% for capital expenditure and 48% for recurrent expenditure respectively.

“Given these great achievements, we have deemed it necessary to extend the life of the 2024 budget to June 30, 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.

“We commend your steadfast commitment to collaborate, cooperate and work with the National Assembly to achieve your grand vision for Nigeria.”