The National Assembly has opted to extend the 2024 budget into the new year, signaling a delay in implementing the 2025 fiscal plan.
This decision follows President Bola Tinubu’s late presentation of the ₦47.96 trillion 2025 budget, which made finalizing the plan impossible before January.
This development disrupts the January-December fiscal cycle reinstated in 2020, returning the country to a less predictable budget timeline.
The National Assembly assured the public of a smooth continuation of the budget process despite the adjustments.