The Federal Government has directed all Ministries, Departments, and Agencies to exclude new projects from their budget submissions for 2025 unless these can be linked to the completion of ongoing initiatives.
This is according to the 2024 Federal Government Budget Call Circular document obtained by The PUNCH.
The 2024 Budget Call Circular clearly states that no new projects will be admitted into the 2025 capital budget unless MDAs can demonstrate that sufficient resources have been allocated for the completion of ongoing projects.
The document read, “Again, the thrust of the FGN’s capital expenditure programme in 2025 will be the completion of as many cardinal ongoing projects as possible, rather than starting new projects.
“Thus, MDAs are hereby advised that new projects will not be admitted into the capital budget for 2025 unless adequate provision has been made for the completion/work programme of all ongoing projects.”
MDAs are required to review their existing project portfolios and submit updated lists of both ongoing and new capital projects using the Budget Office’s Capital Project Status Template.
