The Federal Government has unveiled a refined framework for implementing the 2025 capital budget, aimed at accelerating economic growth, unlocking private sector confidence, and driving infrastructure delivery.
At a meeting in Abuja on Wednesday, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, brought together senior government officials to review and streamline budget execution processes. The reforms include integrating unspent 2024 capital funds into the 2025 budget through the Government Integrated Financial Management Information System (GIFMIS), ensuring all funds are channelled into productive investments.
Under the revised plan, Ministries, Departments, and Agencies (MDAs) must secure warrants before entering into contracts, aligning expenditures with cash availability and strict financial regulations.
Edun said transparent and efficient capital budget execution was central to President Bola Ahmed Tinubu’s growth agenda, which targets GDP expansion of at least 7% and aims to lift millions out of poverty.
“For the private sector, the reforms mean a more predictable fiscal environment, faster payment cycles, and stronger infrastructure pipelines—key drivers of investment and job creation,” he noted, stressing that “Nigeria’s future growth depends on effective, honest, and targeted spending.”
The Finance Ministry said the reforms send a clear signal to investors and citizens that government is committed to accountability, efficiency, and sustainable economic growth.
