The Senate has today approved a further extension of the implementation timeline for the capital component of the 2024 budget, moving the deadline from June 30 to December 31, 2025.
The decision followed the consideration and passage of an Appropriation Amendment Bill during plenary.
The bill, sponsored by the Chairman of the Senate Committee on Appropriations, Senator Solomon Adeola (APC-Ogun West), was read for the first, second, and third time on the same day and supported by a majority of senators.
It was later considered and adopted at the Committee of Supply.
Deputy Senate President Barau Jibrin, who presided over the session, announced the extension, marking the second time the Senate has approved a shift in the capital implementation phase of the 2024 budget.