President Bola Tinubu has officially signed the 2025 Appropriation Bill into law, approving a record budget of N54.99 trillion.
The signing took place on Friday at the Presidential Villa in Abuja.
The National Assembly had passed the bill on Thursday, February 13, after raising the initial proposal from N49.7 trillion to the final N54.99 trillion.
This marks a significant 99.96% increase compared to the N27.5 trillion budget for 2024.
Key allocations in the 2025 budget include:
- 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 signing ceremony was brief and held in the President’s office.
