POLITICS
Tinubu signs N54.99tri 2025 budget into law

The revised budget was prompted by increased revenue from various sources, including N1.4 trillion from the Federal Inland Revenue Service (FIRS).
President Bola Ahmed Tinubu has signed the N54.99 trillion 2025 Appropriation Bill into law.
The President signed the budget on Friday at the State House in Abuja.
The bill was passed in separate sessions by the two Chambers of the National Assembly on Thursday, February 13, after increasing it from the initial figures of N49.7 trillion by President Tinubu.
According to Tinubu, the revision was prompted by increased revenue from various sources, including N1.4 trillion from the Federal Inland Revenue Service (FIRS), N1.2 trillion from the Nigeria Customs Service (NCS), and N1.8 trillion from other government-owned agencies.
The 2025 budget breakdown reveals a total expenditure of N54.99 trillion. This includes statutory transfers of N3.65 trillion, recurrent (non-debt) expenditure of N13.64 trillion, capital expenditure of ₦23.96 trillion, and debt servicing of N14.32 trillion. The deficit-to-GDP ratio stands at 1.52%.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
-
NEWS5 days ago
FG Cuts Dialysis Cost In Federal Hospitals From ₦50,000 To ₦12,000
-
NEWS4 days ago
Ebonyi Man Plans Lagos-Abakaliki Trek to Honour Gov. Nwifuru’s Peace Efforts
-
POLITICS6 days ago
Peter Obi Tells Nigerians: Get Your PVC, Reject Criminals in Disguise
-
NEWS5 days ago
Ebonyi Coordinator Distributes Motorcycles, Lauds Governor’s Grassroots Development Agenda
-
ENTERTAINMENT6 days ago
Jim Iyke Says Single Mothers Cannot Raise Boys Into “Proper Men”
-
NEWS2 days ago
Ebonyi Man Begins Lagos–Abakaliki Trek in Support of Gov Nwifuru’s Peace Efforts in Effium Crisis
-
NEWS6 days ago
Lagos State Declares August 20 Work-Free for Public Servants for Isese Day
-
NEWS5 days ago
FCT Minister Denies Awarding N5 Billion Contract to Local Contractors
-
SPORTS6 days ago
Tinubu Arrives in Japan to Boost Bilateral Ties
-
ENTERTAINMENT5 days ago
VeryDarkMan Leads Protest In Auchi, Blocks Dangote Trucks Over Victims’ Compensation
-
NEWS4 days ago
Wike Says Amaechi’s 2027 Presidential Ambition Is Dead on Arrival
-
FACT-CHECKS/INVESTIGATION6 days ago
Nigeria Begins Deportation of 192 Foreign Cybercrime Convicts