President Tinubu has signed N54.99 trillion 2025 appropriation bill pass the National Assembly into law
He performed the ceremony on Friday in his office at the Presidential Villa, Abuja witnessed by the leadership of the National Assembly and other senior government functionaries.
The budget, initially N49.7 trillion, was raised to N54.2 trillion by the legislature after President Bola Tinubu applied for the increase.
The budget breakdown shows that N3.645 trillion was earmarked for Statutory Transfers, N14.317 trillion for Debt Servicing, while N13.64 trillion and N23.963 trillion were set aside for Recurrent Expenditure and Capital Expenditure (Development Fund) respectively.
The the document also shows that N14.317 trillion is set aside for debt servicing, reflecting Nigeria’s fiscal obligations while Recurrent Expenditure, covering salaries, overheads, and government operations, amounts to N13.64 trillion.
