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From Juliana Taiwo-Obalonye, Abuja
President Bola Ahmed Tinubu has signed the N54.99 trillion 2025 Appropriation Bill into law, marking a 99.96% increase from the 2024 budget of N27.5 trillion.
The bill was approved by the National Assembly on Thursday, February 13, after revisions to President Tinubu’s initial proposal of N49.7 trillion The 2025 Appropriation Act represents a 99.96% increase from the 2024 Budget of N27.5 trillion.
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The key breakdown of the 2025 budget is as follows: 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; Deficit-to-GDP Ratio: 1.52%.
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