Tinubu signs N54.99tri 2025 Nigeria’s budget

President Bola Tinubu has officially signed the 2025 Appropriation Bill into law, approving a national budget of N54.99 trillion.

The National Assembly passed the bill on February 13, 2025, raising it from the initial N49.7 trillion initially proposed by the president.

The signing took place during a brief ceremony in the President’s office on Friday, attended by key government officials.

The 2025 budget marks a significant rise of 99.96% compared to the previous year’s N27.5 trillion budget.

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According to the budget breakdown, total expenditure stands at N54.99 trillion, with statutory transfers accounting for N3.65 trillion. Recurrent (non-debt) expenses amount to N13.64 trillion, capital expenditure is N23.96 trillion, and debt servicing is allocated N14.32 trillion. The deficit-to-GDP ratio is set at 1.52%.

The signing ceremony was witnessed by the leadership of the National Assembly, led by Senate President Godswill Akpabio.