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    ALMOND 94.3 FM Ibadan

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Tinubu signs N54.99trn 2025 Budget into law

todayFebruary 28, 2025 3

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President Bola Tinubu has signed the 2025 Appropriation Bill of ₦54.99 trillion into law.

The signing ceremony took place on Friday at the Presidential Villa, Abuja, in the presence of the leadership of the National Assembly and other 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

Written by: Almond News

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