In a decisive move to ensure proper oversight and transparency, the National Assembly has directed the immediate withdrawal of all contract award circulars linked to the 2025 national budget.
This action directly affects the ₦23.9 trillion capital expenditure segment of the ₦54.99 trillion budget, which will now be rolled out over two fiscal years, extending implementation into 2026.
According to legislative sources, the withdrawal is intended to prevent irregularities and ensure that every contract under the 2025 budget undergoes due process. The measure also aims to streamline public spending, improve accountability, and create a more stable framework for executing large-scale infrastructure and development projects.
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Budget experts believe that splitting the capital implementation into two years will help agencies manage resources more efficiently, while also allowing for better monitoring of project performance. Stakeholders in the construction, energy, and infrastructure sectors are expected to be directly impacted by the new timeline.
The National Assembly has also hinted that new guidelines will soon be issued to ensure that ministries, departments, and agencies (MDAs) comply with updated procurement rules before the implementation resumes.
This decision marks a significant shift in Nigeria’s budget execution strategy and could signal a more phased approach to national development planning going forward.