Abuja, August 13, 2025 – The Federal Government has announced new measures to refine the execution of the 2025 capital budget in a bid to fast-track economic growth, boost private sector confidence, and improve infrastructure delivery.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with senior government officials in Abuja to review and enhance budget implementation processes.
The meeting focused on integrating unspent 2024 capital funds into the 2025 budget through the Government Integrated Financial Management Information System (GIFMIS) platform. This integration aims to streamline disbursements and ensure that all public funds are directed towards productive investments.
Under the updated framework, Ministries, Departments, and Agencies (MDAs) are now required to secure warrants before entering into contracts. This move is designed to align public expenditure with cash availability and enforce strict financial regulations.
Edun stressed the importance of these reforms in achieving President Bola Ahmed Tinubu’s economic vision. “Transparent and efficient budget execution is critical to President Tinubu’s growth agenda, which targets GDP expansion of at least 7% to lift millions out of poverty,” he said.
For investors and the private sector, the reforms are expected to create a more predictable fiscal environment, enhance payment cycles, and strengthen infrastructure pipelines.
These measures are seen as key to attracting investment, creating jobs, and sustaining long-term economic development.
“Nigeria’s future growth depends on effective, honest, and targeted spending,” Edun stated. “We must ensure that public resources work harder for our people and our economy.”
The government believes that by refining budget execution and prioritizing transparency, it can unlock Nigeria’s economic potential and deliver sustainable growth, sending a clear message of commitment to both investors and citizens.