The federal government has begun integrating unspent capital expenditures from the 2024 fiscal year into its 2025 budget, a move officials say is aimed at improving fiscal efficiency and driving infrastructure-led economic expansion. The policy, announced Wednesday by the ministry of finance, uses the Government Integrated Financial Management Information System (GIFMIS) to roll over unused capital funds. The effort, according to Wale Edun, minister of finance and coordinating minister of the economy is part of a broader reform to streamline budget execution and improve public investment impact. At a high-level…
Read MoreNigeria Rolls Over Unspent 2024 Capital Funds Into 2025 Budget
