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Economy

House of Reps Extend 2024 Budget Implementation Deadline to June 2025

The House of Representatives on Thursday approved the extension of the implementation of the capital component of the 2024 budget from 31 December 2024 to 30 June 2025.

Leader of the House, Hon Julius Ihonvbere, laid the report of the report of the bill seeking the extension as the House dissolved into the Committee of Supply to consider it.

It is titled, “A Bill for an Act to Amend the Appropriation Act, 2024 to extend the implementation of the Capital Component of the Appropriation Act, 2024 from 31 December, 2024 to 30 June, 2025 and for Related Matters (HB.2023)”

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Deputy Speaker, Benjamin Kalu, who announced the adjournment of plenary to January 14, 2025, urged members to work hard in their various to ensure that the prompt passage of the 2025 budget upon resumption.

The Nation

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