The Federal Government, under President Bola Ahmed Tinubu, has refined the implementation of the 2025 capital budget to accelerate economic growth, strengthen infrastructure delivery, and enhance private sector confidence. The announcement follows a meeting convened by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, with senior government officials.
The meeting focused on integrating unspent 2024 capital funds into the 2025 budget through the GIFMIS platform, ensuring efficient disbursements and productive use of public resources. Under the new framework, Ministries, Departments, and Agencies (MDAs) must secure warrants before entering into contracts, aligning expenditure with available cash and adhering to strict financial regulations.
Minister Edun emphasized that transparent and efficient budget execution is vital to President Tinubu’s growth agenda, which targets a GDP expansion of at least 7 percent to lift millions out of poverty. He also noted that the reforms signal a more predictable fiscal environment, improved payment cycles, and stronger infrastructure pipelines, providing a solid foundation for investment and job creation across Nigeria.
