Admin I Friday, February 28, 2025
ABUJA, Nigeria – President Bola Tinubu today signed the 2025 Appropriation Bill made up of a total of ₦54.99 trillion into law.
He signed the budget into law in front of some members of his inner cabinet at the Presidential Villa in Abuja.
The 2025 budget appropriation was passed at joint sitting of the National Assembly on Thursday, February 13, after the lawmakers increased it from the initial ₦49.7 trillion submitted by the President to N54.99 trillion
Breakdown of the budget shows that Statutory Transfers gulped ₦3.65 trillion, while Recurrent Expenditure took ₦13.64 trillion.
Capital Expenditure is ₦23.96 trillion, while Debt Servicing took ₦14.32 trillion
