President Bola Ahmed Tinubu has officially signed the ₦54.99 trillion 2025 Appropriation Bill into law, setting the stage for a year of expanded government spending and infrastructural investment.
The signing ceremony took place on Friday at the Presidential Villa, Abuja, in the presence of National Assembly leaders and senior government officials.
The budget was passed by both chambers of the National Assembly on Thursday, February 13, after lawmakers increased it from the initial ₦49.7 trillion submitted by the President.
The 2025 Appropriation Act represents a 99.96% increase from the 2024 budget of ₦27.5 trillion.
2025 Budget Breakdown:
- 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%
This budget marks a significant fiscal expansion, with increased allocations for capital projects and debt servicing.