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Tinubu Signs Record N54.99 Trillion 2025 Budget Into Law (See Breakdown)
By Gideon Ayeni
President Bola Tinubu has officially signed the 2025 Appropriation Bill into law, approving a record-breaking N54.99 trillion budget.
The 2025 budget represents a staggering 99.96% increase from the N27.5 trillion budget for 2024.
The National Assembly had initially adjusted Tinubu’s original budget proposal of N49.7 trillion before passing the revised N54.99 trillion plan on February 13, 2025.
Key Highlights of the 2025 Budget:
Total Expenditure: N54.99 trillion
Statutory Transfers: N3.65 trillion
Recurrent (Non-Debt) Expenditure: N13.64 trillion
Capital Expenditure: N23.96 trillion
Debt Servicing: N14.32 trillion
Deficit-to-GDP Ratio: 1.52%
With this 2025 record budget, the Tinubu administration aims to drive economic growth, improve infrastructure, and address key national priorities. However, concerns remain over the significant debt servicing allocation, which accounts for a substantial portion of government spending.
Meanwhile, in another development, GWG.ng reports that the Supreme Court has issued a decisive ruling, ordering the Central Bank of Nigeria (CBN) to halt the disbursement of funds to the Rivers State government until a properly constituted House of Assembly is in place.
In a landmark judgment, the apex court also directed Martin Amaewhule to immediately resume sitting alongside all elected members of the Rivers State House of Assembly.
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