President Bola Ahmed Tinubu has signed the ₦ 54.99 trillion 2025 appropriation bill into law. President Tinubu signed the bill on Friday at the presidential villa in Abuja.
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 N49.7 trillion submitted by President Tinubu, 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 N27.5 trillion.
The key breakdown of the 2025 budget is as follows: 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; Deficit-to-GDP Ratio: 1.52%
