Tinubu Signs N54.99trn 2025 Budget into Law
Bola Tinubu, President of the Federal Republic of Nigeria, on Friday signed the N54.99 trillion 2025 Appropriation Bill into law at the State House, Abuja.
The bill, which was passed by the National Assembly on Feb. 13, after increasing it from the initial 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 percent increase from the 2024 Budget of N27.5 trillion.
The 2025 budget has a total expenditure component of ₦54.99 trillion, statutory transfers of ₦3.65 trillion, and recurrent (non-debt) expenditure of ₦13.64 trillion.
The capital expenditure component is ₦23.96 trillion, debt servicing of ₦14.32 trillion, and deficit-to-gross domestic product (GDP) ratio of 1.52 percent.
Sen. Godswill Akpabio, President of the Senate, and other leaders of the National Assembly witnessed the signing of the budget. # Tinubu Signs N54.99trn 2025 Budget into Law Naira Exchange Rates Switch Positions in FX Markets
