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President Bola Tinubu has signed the appropriations bill for 2025 at $54.99 trillion.
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The signing ceremony was held at the presence of leadership of the National Assembly and other senior government officials at the Presidential Villa of Abuja.
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The budget for 2025 increased by 99.96% compared with the budget for 2024.
President Bola Tinubu has signed the appropriations bill for 2025 at $54.99 trillion. The signing ceremony was held on Friday at the Presidential Villa of Abuja, before leaders of the National Assembly and other senior government officials.
The 2025 budget was adopted by two parliaments of the National Assembly on February 13, an increase of 99.96% from the 2024 USD 27.5 trillion budget.
The budget breakdown shows that the total expenditure is 54.99 trillion yuan and allocated statutory transfers, recurring expenses, capital expenditures and debt services.
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The budget details are as follows:
Total expenditure: ₦54.99 trillion
Legal transfer: ₦3.65 trillion
Recurring (non-DEBT) expenditure: ₦13.64 trillion
Capital expenditure: ₦23.96 trillion
Debt Services: ₦14.32 trillion
Deficit to GDP ratio: 1.52% President Bola Tinubu has signed the 2025 appropriations bill at $54.99 trillion.
Woo Tinubu joins PDP – Group Challenge Wike
The PDP’s Change and Progressive Frontiers urged the Federal Capital Territory Minister Nyesom Wike to seek help from Bola Tinubu joining the party to prove his loyalty to the People’s Democratic Party (PDP).
Emeka Ikpegbu, the organization’s national coordinator, questioned Wike’s loyalty, saying: “Wike should first take his principal, Bola Tinubu, President Bola Tinubu, who appreciates the PDP every day and then teaches us the villain.” Continue reading here
