The House of Representatives, on Thursday, passed the N54.99 trillion 2025 Appropriation Bill. The budget is structured to address key national financial commitments.
Statutory transfers account for N3.645 trillion, ensuring funding for constitutionally mandated entities.
A significant portion, N14.317 trillion, is allocated to debt servicing, reflecting Nigeria’s ongoing fiscal obligations.
Recurrent expenditure, covering salaries, overheads, and government operations, takes up N13.64 trillion, while the highest allocation, N23.963 trillion, is earmarked for capital projects under the development fund, aimed at infrastructure growth and economic expansion.
Last week, President Bola Tinubu raised the proposed 2025 budget from N49.7 trillion to N54.2 trillion, seeking legislative approval.
