President Bola Ahmed Tinubu has signed the 54.99 trillion naira 2025 appropriation bill into law.
The bill, which was passed in separate sessions by the two Chambers of the National Assembly on Thursday, February 13, after increasing it from the initial figures of 49.7 trillion naira submitted by the President was signed in a brief ceremony in the President’s office.
The 2025 Appropriation Act represents a 99.96% increase from the 2024 Budget of 27.5 trillion naira.
The key breakdown of the 2025 budget includes a Total Expenditure of 54.99 trillion naira, Statutory Transfers of 3.65 trillion naira, Recurrent Expenditure of 13.64 trillion naira.
It also includes the Capital Expenditure 23.96 trillion naira, Debt Servicing of 14.32 trillion naira with Deficit-to-GDP Ratio of 1.52%.
