The Senate on Wednesday extended the implementation of the capital component of the 2024 budget till 30 June 2025.
The Senate President, Godswill Akpabio, announced the extension during the plenary after it was read for the first, second and third times and supported by most senators.
This followed a request by President Bola Tinubu that the implementation of the budget should be extended to enable the government to utilise components of the document fully.
The Senate Committee of Supply considered the appropriation bill.
The Senate Leader, Opeyemi Bamidele, led the debate on the extension of the budget shortly after the senators returned to their chamber from the House of Representatives, where they had attended the presentation of the 2025 budget by President Tinubu.
Bamidele explained that the extension was required to allow the federal government to complete ongoing projects captured in the budgets.
He also cited the need to allow federal government ministries, departments, and agencies to use the significant funds approved for each project execution.
Therefore, Bamidele urged his colleagues to support the extension of the 2024 budget to avoid the federal government’s abandoned projects in different parts of the country.
