The House of Representatives on Thursday passed the N54.99 trillion 2025 Appropriation Bill, following President Bola Tinubu’s recent upward revision of the budget from N49.7 trillion to N54.2 trillion
According to the presidency, the budget is designed to meet key national financial commitments. Statutory transfers account for N3.645 trillion, ensuring funding for constitutionally mandated bodies.
A substantial N14.317 trillion has been allocated for debt servicing, reflecting Nigeria’s fiscal obligations, while recurrent expenditure—including salaries and government operations—stands at N13.64 trillion.
The largest portion, N23.963 trillion, is dedicated to capital projects, aiming to boost infrastructure and economic growth.
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