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President Bola Tinubu has signed the 2025 Appropriation Bill of ₦54.99 trillion into law.
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The signing ceremony took place at the Presidential Villa, Abuja, in the presence of the leadership of the National Assembly and other senior government officials.
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The 2025 budget represents a 99.96% increase from the 2024 budget of ₦27.5 trillion.
President Bola Tinubu has signed the 2025 Appropriation Bill of ₦54.99 trillion into law. The signing ceremony took place on Friday at the Presidential Villa, Abuja, in the presence of the leadership of the National Assembly and other senior government officials.
The 2025 budget, which was passed by both chambers of the National Assembly on February 13, represents a 99.96% increase from the 2024 budget of ₦27.5 trillion.
The budget breakdown shows a total expenditure of ₦54.99 trillion, with allocations for statutory transfers, recurrent expenditure, capital expenditure, and debt servicing.
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The budget details are as follows:
Total Expenditure: ₦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%President Bola Tinubu has signed the 2025 Appropriation Bill of ₦54.99 trillion into law.
Woo Tinubu to join PDP – Group challenges Wike
A group, PDP Frontiers for Change and Progress, has urged Minister of the Federal Capital Territory (FCT), Nyesom Wike, to prove his loyalty to the Peoples Democratic Party (PDP) by wooing President Bola Tinubu to join the party.
The group’s National Coordinator, Emeka Ikpegbu, questioned Wike’s loyalty, saying, “Wike should first bring his principal, President Bola Tinubu, who he praises every day to the PDP before preaching to us about anti-party.” Continue Reading Here
