The Federal Government (FG) has announced a revised framework for implementing its 2025 capital budget to stimulate economic growth and boost investor confidence.
The reforms, led by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, are designed to ensure that public funds are used efficiently and transparently.
A key component of the new framework is the integration of any remaining 2024 capital funds into the 2025 budget through the Government Integrated Financial Management Information System (GIFMIS).
This will streamline disbursements and guarantee that all funds are allocated to productive investments.
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Under the new rules, all Ministries, Departments, and Agencies (MDAs) must now secure warrants before entering into any contracts, ensuring that spending is aligned with available cash and strict financial regulations.
Edun stated that transparent and efficient budget execution is essential to President Bola Tinubu’s agenda, which aims for a GDP growth of at least 7% to lift millions of Nigerians out of poverty.
By making the fiscal environment more predictable and improving payment cycles, the government hopes to attract private sector investment and create jobs.
Edun emphasised that the nation’s future growth relies on targeted, honest, and effective spending to ensure that public resources benefit the Nigerian people and economy.
