President Bola Ahmed Tinubu has requested the National Assembly to repeal and re-enact the 2024 and 2025 Appropriation Acts, while also extending the implementation of the 2025 budget to March 31, 2026.
The request was contained in a letter dated December 18, 2025, addressed to the Speaker of the House of Representatives, Abbas Tajudeen, and read on the floor of the House on Friday.
In the letter, President Tinubu transmitted the Appropriation (Repeal and Re-Enactment) Bills, 2024 and 2025, for legislative consideration in line with constitutional procedures.
According to the President, the 2024 Appropriation Act of N35.06 trillion is to be repealed and re-enacted at N43.56 trillion.
The revised figure includes N1.74 trillion for statutory transfers, N8.27 trillion for debt service, N11.27 trillion for recurrent (non-debt) expenditure, and N22.28 trillion for capital expenditure and development fund contributions for the year ending December 31, 2025.
For the 2025 budget, Tinubu proposed repealing the existing N54.99 trillion Act and re-enacting it at N48.32 trillion.
The revised budget allocates N3.65 trillion for statutory transfers, N14.32 trillion for debt service, N13.59 trillion for recurrent (non-debt) expenditure, and N16.71 trillion for capital expenditure and development fund contributions.
The re-enacted 2025 budget is expected to run until March 31, 2026.
The President explained that the repeal and re-enactment are intended to account for previously unrecognised budget items and to reflect a revised capital implementation target of 30 per cent.
He said the adjustments align with current fiscal realities and execution capacity while ensuring credible and transparent budget performance.
Tinubu added that the extension would allow for full release of targeted capital funds across all ministries, departments, and agencies (MDAs).
He said the measures form part of broader fiscal reforms to eliminate overlaps in concurrent budgets, improve planning, strengthen execution, and enhance accountability in public expenditure.
Other provisions in the bills include stricter implementation discipline, limiting virement to cases approved by the National Assembly, separate recording of excess revenue, mandatory compliance with due process, and periodic reporting on fund releases and agency-generated revenues.
The President informed lawmakers that the submission supersedes an earlier letter sent to the House on December 16, 2025, and urged prompt consideration and passage of the bills.
