President Tinubu Signs N54.99 Trillion 2025 Budget into Law
President Bola Tinubu has officially signed the 2025 budgetary appropriation bill into law, marking a significant step in the country’s fiscal planning. The National Assembly had initially passed a budget totaling N49.7 trillion, but this was later revised to N54.99 trillion following a request from President Tinubu for an increase.
The detailed breakdown of the budget reveals that N3.645 trillion has been allocated for Statutory Transfers, while a substantial N14.317 trillion is dedicated to Debt Servicing. Recurrent Expenditure, covering operational costs including salaries and overheads, is set at N13.64 trillion. The largest portion, N23.963 trillion, has been earmarked for Capital Expenditure, aimed at funding development projects across the nation.
This budget outlines Nigeria’s fiscal commitments and the government’s strategy for managing both its debt obligations and development goals in the coming year. Further details on the allocation and specifics of the budget are expected to follow.
