In order to avoid abandonment of ongoing projects across the nation, the Federal Government has ordered its ministries, departments, and agencies MDAs to carry over 70 per cent of their 2025 capital budget into the 2026 fiscal year. This is to ensure continuity and completion of existing projects and contain spending pressures in the face of weak revenues.
TheMediaGood Newspaper can report that this directive was made by the Federal Ministry of Budget and Economic Planning in the 2026 Abridged Budget Call Circular to all the MDAs in Abuja FCT.
This Ministry circular intends to prioritize completing ongoing infrastructure amid high debt costs over NGN 16 trillion and weak revenues and also barring new major projects without approval.
While many Nigerians hail the move by the Federal Government as a step in the right direction as it aims to limit wasting of billions of naira on infrastructure projects that may be abandoned, others feel that the move is reactionary pointing to the failure of government due to poor execution and inflation.