Just in: President Tinubu signs N54.99trn 2025 Budget into law

By Admin

Nigerian President Bola Tinubu has given assent to the 2025 Appropriation Bill of ₦54.99 trillion into law.

The ceremony took place at the Presidential Villa, Abuja, in the presence of the leadership of the National Assembly and other senior government officials.

The appropriation bill was passed by both chambers of the National Assembly on Thursday, February 13, after lawmakers increased it from the initial ₦49.7 trillion submitted by the President.

The 2025 Appropriation Act represents a 99.96% increase from the 2024 budget of ₦27.5 trillion.

2025 Budget breakdown:

Total Expenditure: ₦54.99 trillion

Statutory Transfers: ₦3.65 trillion

Recurrent (Non-Debt) Expenditure: ₦13.64 trillion

Capital Expenditure: ₦23.96 trillion

Debt Servicing: ₦14.32 trillion

This budget marks a significant fiscal expansion, with increased allocations for capital projects and debt servicing.