The Federal Government has rolled over unspent 2024 capital funds into the 2025 budget to accelerate economic growth, boost infrastructure delivery and strengthen private sector participation.
In a statement signed by Mohammed Manga, director of Information and Public Relations, the Ministry of Finance said the move is designed to sustain development and create a more predictable fiscal environment.
Wale Edun, minister of Finance and Coordinating Minister of the Economy convened senior government officials to refine the implementation of the 2025 capital budget.
The integration process will be carried out through the Government Integrated Financial Management Information System (GIFMIS) platform to streamline disbursement and ensure that every naira is channelled into productive investments.
Under the revised framework, all Ministries, Departments, and Agencies (MDAs) must secure warrants before entering into contracts, aligning expenditure with cash availability and strict financial regulations.
Edun stressed that transparent and efficient budget execution is important in achieving President Tinubu’s growth agenda, which targets GDP expansion of at least 7% to lift millions out of poverty.
“For the private sector, the reforms signal a more predictable fiscal environment, improved payment cycles, and stronger infrastructure pipelines, essential foundations for investment and job creation.
“Nigeria’s future growth depends on effective, honest, and targeted spending. We must ensure that public resources work harder for our people and our economy,” Edun said.
The integration of the unspent capital into the 2025 budget is expected to improve accountability, reduce project abandonment and ensure that resources for long term projects are fully utilised, emphasising Nigeria’s commitment to building a stronger, sustainable economy.
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