0 Shares 264 Views

President Tinubu Signs N54.99 Trillion 2025 Budget into Law

gisthub Feb 28, 2025
0 265

President Bola Ahmed Tinubu has signed the N54.99 trillion 2025 Appropriation Bill into law.

The bill was passed by the National Assembly on February 13, 2025, after being increased from the initial figure of N49.7 trillion submitted by President Tinubu.

The budget was signed during a brief ceremony in the President’s office on Friday, February 28.

The 2025 Appropriation Act represents a 99.96% increase from the 2024 Budget of N27.5 trillion.

The breakdown of the 2025 budget shows a total Expenditure of 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%.

The signing ceremony was attended by the National Assembly leadership, led by the President of the Senate, Senator Godswill Akpabio.

You may be interested

Violent Clashes Erupt During Lahore High Court Bar Elections
General
0 shares47 views

Violent Clashes Erupt During Lahore High Court Bar Elections

gisthub - Mar 03, 2026

A physical confrontation between legal professionals broke out within the Lahore High Court premises in Pakistan during the Bar Association’s electoral proceedings. The…

IAEA Confirms Strike Impact at Natanz Nuclear Complex
War
0 shares41 views

IAEA Confirms Strike Impact at Natanz Nuclear Complex

gisthub - Mar 03, 2026

The International Atomic Energy Agency (IAEA) has verified that recent military strikes by American and Israeli forces caused structural damage to Iran's Natanz…

Flamengo Parts Ways with Filipe Luis Despite Dominant Semi-Final Victory
Sport
0 shares39 views

Flamengo Parts Ways with Filipe Luis Despite Dominant Semi-Final Victory

gisthub - Mar 03, 2026

In a surprising move, Brazilian powerhouse Flamengo has dismissed head coach Filipe Luis shortly after a commanding 8-0 win over Madureira in the…

Leave a Comment

Your email address will not be published.

Most from this category