President Bola Tinubu has signed the 2025 Nigerian budget into law, totaling N54.99 trillion.
This marks a significant 99.96% increase from the 2024 budget of N27.5 trillion.
Here’s a breakdown of the budget:- Total Expenditure:
N54.99 trillion-
Statutory Transfers: N3.65 trillion
Recurrent (Non-Debt) Expenditure: N13.64 trillion
Capital Expenditure: N23.96 trillion
Debt Servicing: N14.32 trillion
Deficit-to-GDP Ratio: 1.52%
The budget was passed by the National Assembly on February 13, after increasing it from the initial N49.7 trillion submitted by President Tinubu.
The signing of the 2025 budget into law on Friday marks a significant milestone in President Tinubu’s administration.
The budget is expected to Drive economic growth and development, Improve infrastructure and public services, Enhance the quality of life for Nigerian citizens, Promote transparency and accountability in governance.
As the country embarks on this new fiscal journey, Nigerians eagerly await the implementation of the budget and the transformative impact it will have on the nation.
