(SINL NIGERIA) President Bola Tinubu has signed the ₦54.99 trillion 2025 Appropriation Bill into law.
The President signed it in his office at the State House in Abuja on Friday.
Recall, the bill was increased from the initial figure of ₦49.7 trillion the Nigerian leader submitted.
A breakdown of the budget shows that it includes a total expenditure of ₦54.99 trillion and statutory transfers of ₦3.65 trillion. The recurrent (non-debt) expenditure is ₦13.64 trillion.
The capital expenditure is ₦23.96 trillion, debt servicing is taking ₦14.32 trillion) while deficit-to-gross domestic product (GDP) ratio was pegged at 1.52%.
