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    Home » Tinubu Signs ₦54.99 Trillion 2025 Budget Into Law, Nearly Doubling 2024 Figure
    1 Min ReadFebruary 28, 2025

    Tinubu Signs ₦54.99 Trillion 2025 Budget Into Law, Nearly Doubling 2024 Figure

    By Amina MohammedFebruary 28, 2025No Comments1 Min Read
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    President Bola Tinubu has signed the ₦54.99 trillion 2025 Appropriation Bill into law. 

    The 2025 budget is 99.96% higher than the 2024 appropriation bill of ₦27.5 trillion.

    Tinubu signed it in his office at the State House in Abuja on Friday. The bill was increased from the initial figure of ₦49.7 trillion the Nigerian leader submitted.

    The National Assembly had on February 13th approved the bill after a series of revisions.

    A breakdown of the budget shows that it includes a total expenditure of ₦54.99 trillion and statutory transfers of ₦3.65 trillion. The recurrent (non-debt) expenditure is ₦13.64 trillion.

    The capital expenditure is ₦23.96 trillion, debt servicing is taking ₦14.32 trillion) while deficit-to-gross domestic product (GDP) ratio was pegged at 1.52%.

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    • Amina Mohammed
      Amina Mohammed

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    Bola Tinubu
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