BREAKING: President Tinubu Signs 2025 Budget Into Law

President Bola Tinubu has officially signed the 2025 budget into law, setting the stage for Nigeria’s economic and developmental plans. Read more on the budget details.

President Tinubu has officially enacted the 2025 budgetary appropriation bill into law.

The National Assembly approved a total budget of N54.99 trillion for the 2025 fiscal year.

The budget, originally set at N49.7 trillion, was increased to N54.2 trillion by the legislature following a request from President Bola Tinubu for the adjustment.

The budget allocation indicates that N3.645 trillion is designated for Statutory Transfers, N14.317 trillion for Debt Servicing, and amounts of N13.64 trillion and N23.963 trillion are allocated to Recurrent Expenditure and Capital Expenditure (Development Fund), respectively.

The document further reveals that N14.317 trillion is allocated for debt servicing, highlighting Nigeria’s fiscal commitments, while Recurrent Expenditure—which includes salaries, overheads, and government operations—totals N13.64 trillion.

More details to follow soon…