2025 Budget: Senate, House seek withdrawal of contract circulars

September 18, 2025 by Sanni Onogu, Abuja

The National Assembly on Thursday called for the withdrawal of all circulars already issued for contracts awards in the 2025 fiscal year.

It strongly indicated that the N23.9trillion capital component of the N54.99trillion 2025 budget, will be extended to 2026 fiscal year.

Resolution for withdrawal of circulars already issued for contracts award for the 2025 fiscal year by the executive, was jointly taken by National Assembly committees on Appropriations of both the Senate and the House of Representatives.

The joint resolution followed the one taken by the House of Representatives Committee on Appropriations on Wednesday during an interactive session with the Economic Team of the Federal Government.

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The National Assembly’s resolution was revealed at a joint session of both the Senate and House Committees on Appropriations with the Economic Team on Thursday at the Senate.

The Chairman of the Senate Committee on Appropriations, Senator Solomon Adeola (APC, Ogun West) read the resolution of the joint Committee during its session with the Economic Team.

Adeola said: “Capital Component of 2024 budget will continue till December 31st, 2025.

“Implementation of capital component of the 2025 budget will commence as soon as possible as Authority to Incur Expenditure (AIE) should be issued within seven days after this session with the economic team.

“Circulars issued by the Ministry of Finance to the Ministries, Departments and Agencies (MDAs) should be withdrawn pending issuance of AIE.”

Members of the Economic Team at the assessment of 2024, 2025 budget implementation session with the joint committee included Minister of Finance Wale Edun; Minister of Budget and Economic Planning, Senator Atiku Bagudu; the Accountant General of the Federation, Samsudeen Ogunjimi and the Director-General of the Budget Office, Tanimu Yakubu.

The two parties later went into a closed door session after the adoption of the resolution without any contrary opinion from any member of the Economic Team.

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