President Bola Tinubu has officially signed the N54.99 trillion 2025 budget into law. This marks a 99.96% increase from the 2024 budget of N27.5 trillion.
The National Assembly approved the budget on February 13, 2025, after revising Tinubu’s original proposal of N49.7 trillion.
Key Budget Breakdown:
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Total expenditure: N54.99 trillion
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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%
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