The National Assembly has directed the withdrawal of all circulars already issued for contract awards in the 2025 fiscal year.
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The resolution was jointly adopted by the Senate and House of Representatives Committees on Appropriations during an interactive session with the federal government’s economic team in Abuja.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
Lawmakers explained that the N23.9 trillion capital component of the N54.99 trillion 2025 budget would run into the 2026 fiscal year, while the capital component of the 2024 budget will remain valid until December 31, 2025.
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LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
Senate Appropriations Committee chairman, Solomon Adeola, said the implementation of the 2025 capital budget must commence immediately, with the Authority to Incur Expenditure (AIE) to be issued within seven days.
He added that all contract circulars released by the Ministry of Finance to MDAs should be withdrawn until the AIE is provided.
Present at the budget review session were Finance Minister Wale Edun, Budget and Economic Planning Minister Atiku Bagudu, Accountant-General of the Federation Samsudeen Ogunjimi, and Budget Office DG Tanimu Yakubu.
The meeting later went into a closed-door session after the resolution was adopted without objections from the government’s team.
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