Director General, Budget Office of the Federation, Tanimu Yakubu, yesterday said that the operation of multiple budgets by the Federal Government is not a fiscal anomaly but permitted under the laws.
Tanimu stated this in response to the public outcry generated by the second extension of the 2024 Budget by the National Assembly, stressing that similar practice exists in India, Indonesia, and Kenya.
In a statement titled, “Why Nigeria is running multiple budgets,” Tanimu, said: “Nigeria is currently operating three budget instruments at once: the 2024 Main Appropriation Act, the 2024 Supplementary Budget, and the 2025 Appropriation Act.
“While this may raise eyebrows, it is not a fiscal anomaly. It reflects the real-world overlap between budget law, execution delays, and system-wide reform efforts.
“The 2024 Appropriation Act, signed in January 2024, remains valid through December 31, 2024, unless formally repealed or extended. It is the primary legal framework for federal spending in 2024 and remains active-especially for capital projects, statutory obligations, and contracts tied to 2024 project codes.”
