The Federal Government is considering extending the implementation of the 2025 budget into 2026 as sluggish capital project execution, procurement delays, and the shutdown of the cash-planning portal have left many projects stalled nearly eight months into the fiscal year.
The plan was hinted at during a stakeholders’ engagement in Abuja on Wednesday, organised by the Office of the Accountant-General of the Federation (OAGF) to assess progress and challenges in executing both the extended 2024 capital budget and the 2025 capital budget under the Bottom-Up Cash Planning Policy.
Under the current process, ministries, departments, and agencies (MDAs) must submit monthly cash plans through an OAGF-managed online platform before any contract is signed. These plans outline projects to be funded and required amounts, which are then reviewed and consolidated by the OAGF into a federal cash plan.
The consolidated plan is forwarded to the Ministry of Finance for approval, after which warrants—formal spending authorisations—are issued and uploaded back onto the portal. The recent disruption of this portal has contributed to funding delays and project stagnation.
