Tinubu Signs Historic ₦54.99 Trillion 2025 Budget into Law

Share This News On...

President Bola Tinubu has officially signed the ₦54.99 trillion 2025 Appropriation Bill into law, marking the largest budget in Nigeria’s history.

The signing ceremony, held on Friday at the Presidential Villa in Abuja, was attended by the leadership of the National Assembly and senior government officials.

The National Assembly had passed the budget on Thursday, February 13, after increasing it from the initial ₦49.7 trillion proposed by the President. This represents a staggering 99.96% increase from the 2024 budget of ₦27.5 trillion.

JUST IN >>> Tragic Scene in Lagos: Woman Jumps Off Third Mainland Bridge, Found Dead

Key Highlights of the 2025 Budget:

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%

With this budget, the government aims to drive economic growth through increased capital spending while addressing Nigeria’s rising debt obligations.

JUST IN >>> Trump vs. the Judges: White House Slams Courts for ‘Usurping’ Presidential Power

Author

Michael Odegbe

Michael Odegbe, a graduate in Animal Breeding and Physiology (B.Agric), contributes to Newsbino.com by providing informed and accurate news, along with valuable insights on relevant topics. His expertise as a Data Analyst, HRM, Blogger, Entrepreneur, Transformational Leader, and Humanitarian ensures readers receive practical, innovative content they can trust.

View all posts