BREAKING: Tinubu Signs 2025 Budget Into Law
The National Assembly approved a total budget of N54.99 trillion for the fiscal year, an increase from the initial N49.7 trillion, following Tinubu’s request for adjustments.
A breakdown of the budget includes:
N3.645 trillion for Statutory Transfers
N14.317 trillion for Debt Servicing
N13.64 trillion for Recurrent Expenditure (salaries, overheads, and government operations)
N23.963 trillion for Capital Expenditure (Development Fund)
The allocation for debt servicing highlights Nigeria’s fiscal obligations, while the Recurrent Expenditure covers essential government functions.
More details to follow…
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