President Bola Ahmed Tinubu has just signed the N54.99 trillion 2025 Appropriation Bill into law.
The bill was passed by the National Assembly on February 13, 2025, after being increased from the initial figure of N49.7 trillion submitted by President Tinubu.
The budger was signed during a brief ceremony in the Presidentโs office, on Friday.
The 2025 Appropriation Act represents a 99.96% increase from the 2024 Budget of N27.5 trillion.
The breakdown of the 2025 budget shows a total Expenditure of โฆ54.99 trillion; Statutory Transfers: โฆ3.65 trillion; Recurrent (Non-Debt) Expenditure: โฆ13.64 trillion; Capital Expenditure: โฆ23.96 trillion; Debt Servicing: โฆ14.32 trillion; Deficit-to-GDP Ratio: 1.52%.
The budget was signed in the presence of the National Assembly leadership led by the President of the Senate, Senator Godswill Akpabio.
