The Accountant-Basic of the Federation, Dr Shamseldeen Ogunjimi, has disclosed that 30% of the 2025 Capital Price range shall be carried out earlier than the top of November, with warrants already issued to Ministries, Departments and Companies to start execution.
Ogunjimi made this identified at a stakeholders’ assembly on the implementation of the prolonged 2025 Capital Price range held on the Federal Ministry of Finance in Abuja.
In keeping with a press release issued on Thursday by Bawa Mokwa, Director of Press and Public Relations on the Workplace of the Accountant-Basic of the Federation, the AGF confirmed that the Authorities Built-in Monetary Administration Data System has been absolutely restored, paving the way in which for smoother processing of capital funds.
What the assertion says
Ogunjimi stated Treasury Home would start implementing the 30% element of the 2025 price range by the top of subsequent week.
- “Dr Ogunjimi defined that 30% of the 2025 Capital Price range shall be carried out between now and 31 November 2026, whereas the remaining 70% has been rolled over into the 2026 Capital Price range to make sure seamless implementation, in step with the directive of President Bola Tinubu.
- “He reiterated that warrants have already been issued to MDAs and introduced that Treasury Home will start implementation of the 30% element of the 2025 Price range by the top of subsequent week.”
The event successfully shifts a good portion of the 2025 capital allocations into the present fiscal window, whereas the majority has been carried ahead into the 2026 capital framework to keep away from disruption of ongoing tasks.
Minister insists on strict procurement compliance
The Minister of State for Finance, Mrs Doris Uzoka-Anite, directed MDAs to conform strictly with the Public Procurement Act in executing each the 2025 and 2026 capital budgets.
She pressured that each one capital disbursements should observe due course of and warned in opposition to any fee processed exterior accredited procedures.
- “Mrs Uzoka-Anite emphasised that each one capital funds should adjust to the ideas of the Procurement Act and that capital tasks have to be backed by money earlier than execution.
- “She warned that no capital fee ought to be processed exterior accredited procurement procedures.”
Uzoka-Anite additionally assured stakeholders that the federal government has enough liquidity to clear excellent obligations, urging MDAs to replace their documentation to allow faster fee processing.
- “The Minister additional acknowledged that the nation has sufficient funds to settle pending funds and urged MDAs to assessment and replace their documentation to facilitate the well timed processing of funds,” the assertion famous.
In his welcome remarks, the Director of Funds, Steve Ehikhamenor, cautioned companies in opposition to exceeding accredited allocations. He suggested MDAs to adhere strictly to venture objects and their corresponding values, keep away from price range overruns, return any unutilised or extra funds to the Treasury, and work carefully with GIFMIS officers for technical help.
What it is best to know
Earlier in December 2025, BusinessTimes reported that the Federal Authorities instructed ministries, departments, and companies (MDAs) to roll over 70% of their 2025 capital price range into the 2026 fiscal 12 months.
The measure was a part of efforts to finish present tasks and cut back new spending pressures amid tight revenues.
The order was contained within the 2026 Abridged Price range Name Round issued by the Federal Ministry of Price range and Financial Planning and circulated to ministers, service chiefs, heads of companies, and different senior officers.
The round additionally famous that solely 30% of the 2025 capital price range could be launched in 2025.
Nevertheless, the press assertion confirmed that implementation of the 30% of the 2025 capital price range has been prolonged into 2026.
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