President Bola Tinubu, on Friday, signed the N54.99 trillion 2025 Appropriation Bill into law.
The bill was passed by the National Assembly on February 13, 2025, after being increased from the initial figure of N49.7 trillion submitted by President Tinubu.
The budget was signed during 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 breakdown of the 2025 budget shows a total Expenditure of ₦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%.
The budget signing ceremony was attended by the National Assembly leadership led by Senate President Godswill Akpabio.
