The Federal Government has directed Ministries, Departments and Agencies (MDAs) to strictly adhere to the provisions of the Public Procurement Act in the implementation and payment of the 2025/2026 Capital Budget.
Minister of State for Finance, Mrs. Doris Uzoka-Anite who gave the directive during a stakeholders’ meeting on the implementation of the extended 2025 Capital Budget held at the Federal Ministry of Finance in Abuja emphasized that all capital payments must comply with the principles of the Procurement Act and that capital projects must be backed by cash before execution. She warned that no capital payment should be processed outside approved procurement procedures.
Bawa Mokwa Director, Press & Public Relations Office of the Accountant-General of the Federation in a statement said the Minister also emphasised that the nation has adequate funds to settle pending payments and urged MDAs to review and update their documentation to facilitate timely processing of payments.
In his submission, Accountant-General of the Federation, Dr. Shamseldeen Babatunde Ogunjimi, disclosed that the GIFMIS platform has been fully restored and is now operational.
Dr. Ogunjimi explained that 30 percent of the 2025 Capital Budget will be implemented between now and 31 November 2026, while the remaining 70 percent has been rolled over into the 2026 Capital Budget to ensure seamless implementation, in line with the directive of President Bola Ahmed Tinubu.
He reiterated that warrants have already been issued to MDAs and announced that Treasury House will commence implementation of the 30 percent component of the 2025 Budget by the end of next week.
Earlier, in his welcome address, the Director of Funds, Mr. Steve Ehikhamenor, told the MDAs to avoid budget overruns and strictly adhere to approved project items and their corresponding values.
He further caution MDAs not to exceed the amounts specified in their warrants, to return any unutilized or excess funds to the Treasury, and to liaise with GIFMIS officials for necessary technical support and encouraged them to ensure and abide by all relevant legal documentation.
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