Tinubu Signs Record-Breaking N54.99 Trillion 2025 Budget into Law
By Editor
In a landmark move, President Bola Tinubu has signed the N54.99 trillion 2025 Appropriation Bill into law, marking a significant 99.96% increase from the 2024 budget of N27.5 trillion ¹. This development comes after the National Assembly approved the budget on February 13, following revisions to Tinubu’s initial proposal of N49.7 trillion.
Budget Breakdown: Key Allocations and Priorities
The 2025 budget prioritizes economic growth and infrastructure development, with notable allocations including:
- Statutory Transfers: N3.65 trillion
- Recurrent (Non-Debt) Expenditure: N13.64 trillion
- Capital Expenditure: N23.96 trillion, reflecting the administration’s focus on development projects
- Debt Servicing: N14.32 trillion, underscoring the government’s commitment to managing its financial obligations
- Deficit-to-GDP Ratio: 1.52%, highlighting efforts to maintain fiscal stability while funding critical national programs
This budget signing marks a crucial step in the Tinubu administration’s efforts to drive economic growth, develop infrastructure, and maintain fiscal stability ². As the country navigates its economic and development goals, this budget is expected to play a pivotal role in shaping Nigeria’s future.
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