“In terms of the capital budget, the budget, at the end of the day, is a law of the National Assembly. They extended the 2024 budget for the full year to ensure that projects were completed,” the minister told the audience. “Debt service is an obligation, and the government will find ways to meet it, but capital expenditure often suffers neglect. For the 2025 budget, only 17 per cent of the capital expenditure has been released. The 2024 budget was initially set at N35.06tn, with N13.77tn earmarked for capital expenditure.

Source: Punch January 18, 2026 12:23 UTC