President Tinubu Requests Extension of 2023 Capital Budget Implementation Deadline

President Bola Ahmed Tinubu has reached out to the House of Representatives, urging them to extend the timeframe for implementing the capital component of the 2023 appropriation bill. The proposed extension seeks to prolong the deadline from March 31, 2024, to June 30, 2024.

During a session on the House floor, Speaker Abbas Tajudeen announced the receipt of a letter from the President, outlining the need for an extension not only for the capital component but also for the supplementary appropriation act. The supplementary appropriation act, originally slated for completion by March 31, 2024, would also be extended to June 30, 2024.

President Tinubu emphasized the necessity of this extension to ensure the thorough execution of the provisions outlined in both acts. As reported by TheNation, the President underscored the importance of allowing ample time for the comprehensive implementation of these vital legislative measures.

The proposed extension reflects a commitment to responsible governance and effective utilization of allocated resources. By granting additional time for implementation, the government aims to uphold transparency, accountability, and efficiency in the execution of budgetary allocations.

As discussions unfold within the House of Representatives regarding this request, stakeholders await further deliberations and decisions that will shape the trajectory of fiscal policy and government operations in the months ahead.