Senate President Godswill Akpabio said on Wednesday that the National Assembly has extended the implementation of the 2024 Budget by six months, during President Bola Tinubu’s presentation of the 2025 Budget.
“We shall continue on the part of nationalism and service to our country,” Akpabio said before a joint sitting of the Senate and the House of Representatives.
Akpabio said the 2024 Budget has achieved a 50% performance rate in capital expenditure and 48% in recurrent expenditure.
“Your Excellency, we have noted the 2024 Budget performance.
“Given this great achievement, we have deemed it necessary to extend the life span of the 2024 Budget to June 30th, 2025.
“The enabling law for this extension will soon be placed before you for your assent as a testament to our appreciation for the great performance of the budget, ensuring that we build upon your momentum,” Akpabio said.