Senate shifts deadline for 2023 budget implementation to December

On Thursday, June 27, the 10th Senate made history by extending the implementation of the 2023 Appropriation Act and the 2023 Supplementary Appropriation Act until December 31, 2024.

In essence, the extensions imply that the capital components of the 2023 Appropriation Act/2023 Supplementary Appropriation Act will operate concurrently with the implementation of the capital allocation in the 2024 Appropriation Act.

The resolutions of the Senate followed its consideration of the request of President Bola Tinubu, urging the red chamber to approve the further extension.

Senate President Godswill Akpabio had read Tinubu’s letter of request during plenary.

On his part, the Senate Leader, Opeyemi Bamidele, urged the Senate to suspend its relevant rules to consider the Bills expeditiously.

He said: “You will recall that on Wednesday20th March 2024, these Acts were amended to allow for exhaustive implementation of capital projects under the Acts to 30th June 2024. The extension will expire on Sunday 30th June 2024 and many projects are yet to be completed.”

More details to follow.