President Bola Tinubu has signed the N54.99 trillion 2025 budget into law.
Tinubu signed the budget into law at the Presidential Villa in Abuja on Friday, February 28, 2025.
The 2025 appropriation bill was passed by the National Assembly on February 13 after increasing it from the initial N49.7 trillion.
It represents a 99.96 per cent increase from the 2024 Budget of N27.5 trillion.
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The 2025 budget has a total expenditure component of N54.99 trillion, statutory transfers of N3.65 trillion, and recurrent (non-debt) expenditure of N13.64 trillion.
The capital expenditure component is N23.96 trillion, debt servicing of N14.32 trillion, and deficit-to-GDP Ratio of 1.52 per cent.
Senate President Godswill Akpabio and other leaders of the National Assembly witnessed the signing of the budget.
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