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    Home » Reps Pass 54.99 Trillion Naira 2025 Budget
    1 Min ReadFebruary 13, 2025

    Reps Pass 54.99 Trillion Naira 2025 Budget

    By Samuel AkpenpuunFebruary 13, 2025No Comments1 Min Read
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    The House of Representatives, has on Thursday, passed the ₦54.99 trillion 2025 Appropriation Bill.

    The presidency says the ₦54.99 trillion budget is structured to address key national financial commitments.

    Statutory transfers account for ₦3.645 trillion, ensuring funding for constitutionally mandated entities.

    A significant portion, ₦14.317 trillion, is allocated to debt servicing, reflecting Nigeria’s ongoing fiscal obligations.

    Recurrent expenditure, covering salaries, overheads, and government operations, takes up ₦13.64 trillion, while the highest allocation, ₦23.963 trillion, is earmarked for capital projects under the development fund, aimed at infrastructure growth and economic expansion.

    Last week, President Bola Tinubu raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, seeking legislative approval.

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    • Samuel Akpenpuun
      Samuel Akpenpuun

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