Breaking: Tinubu signs N54.99trn 2025 budget into law
By Kunle Sanni
President Bola Ahmed Tinubu has signed the N54.99 trillion 2025 Appropriation Bill into law at the State House, Abuja.
The bill, which was passed by both chambers of the National Assembly on Thursday, February 13, after being increased from the initial N49.7 trillion submitted by President Tinubu, was signed in a brief ceremony at the President’s office.
The 2025 Appropriation Act represents a 99.96% increase from the 2024 budget of N27.5 trillion.
A 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%
Details later…
