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2025 Budget: Tinubu Signs ₦54.99 Trillion Appropriation Bill into Law

Emmanuel Ademola by Emmanuel Ademola
March 1, 2025
in National
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The ₦54.99 trillion 2025 Appropriations Bill has been signed into law by President Bola Tinubu.

The 2024 appropriation bill of ₦27.5 trillion is 99.96% lower than the 2025 budget.

It was signed by Tinubu on Friday at the State House, Abuja. The bill was upped from the Nigerian leader’s original submission of ₦49.7 trillion.

Following a number of changes, the bill was adopted by the National Assembly on February 13.

According to a breakdown of the budget, statutory transfers total ₦3.65 trillion, and total expenditures total ₦54.99 trillion. ₦13.64 trillion is the recurring (non-debt) expenditure.

The capital expenditure is ₦23.96 trillion; debt servicing is taking ₦14.32 trillion, while the deficit-to-gross domestic product (GDP) ratio was pegged at 1.52%.

You may also like: NLC Demands Urgent Establishment of CNG Filling Stations Nationwide

Emmanuel Ademola

Emmanuel Ademola

Ademola Emmanuel Akadiri is a trained and registered journalist with expertise in political public relations, political branding, media relations, crisis communication, government and media relations. He currently holds a Master's Degree in Mass Communication.

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