President Bola Tinubu has signed the N54.99 trillion 2025 appropriation bill into law, marking a 99.96 percent increase from the 2024 budget of N27.5 trillion.
The bill was approved by the national assembly on February 13, after revisions to Tinubu’s initial budget proposal of N49.7 trillion.
The key breakdown of the 2025 budget includes a total expenditure of N54.99 trillion, statutory transfers of N3.65 trillion, and a recurrent (non-debt) expenditure of N13.64 trillion.
Other components are capital expenditure: (N23.96 trillion), debt servicing (N14.32 trillion) and a deficit-to-gross domestic product (GDP) ratio of 1.52 percent.
About The Author
More Stories
Police intercept 21-yr-old woman with 481 rounds of ammunition in Nasarawa en route to Katsina
Trump’s mass deportation catches up with six Nigerians who were bundled to Lagos via Delta Airline
Zamfara lawmaker laments worsening insecurity, says bandits now feed newborns to dogs