By AbdulRahman Obaje
Nigerian President Bola Tinubu has signed the 2025 Appropriation Bill of ₦54.99 trillion into law.
The ceremony took place at the Presidential Villa, Abuja, in the presence of the leadership of the National Assembly and other senior government officials.
The appropriation bill was passed by both chambers of the National Assembly on Thursday, February 13, after lawmakers increased it from the initial ₦49.7 trillion submitted by the President.
The 2025 Appropriation Act represents a 99.96% increase from the 2024 budget of ₦27.5 trillion.
2025 Budget breakdown:
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- Total Expenditure: ₦54.99 trillion
- Statutory Transfers: ₦3.65 trillion
- Recurrent (Non-Debt) Expenditure: ₦13.64 trillion
- Capital Expenditure: ₦23.96 trillion
- Debt Servicing: ₦14.32 trillion
This budget marks a significant fiscal expansion, with increased allocations for capital projects and debt servicing.