The National Assembly has passed Nigeria’s 2025 national budget, amounting to N54.99 trillion.
This represents a 99.96% increase from the 2024 budget of N27.5 trillion.
President Bola Tinubu initially proposed a budget of N49.7 trillion but later requested an increase to N54.2 trillion before the National Assembly approved the final figure of N54.99 trillion.
The key breakdown of the 2025 budget is as follows: Total Expenditure: ₦54.99 trillion; Statutory Transfers: ₦3.65 trillion; Recurrent (Non-Debt) Expenditure: ₦13.64 trillion; Capital Expenditure: ₦23.96 trillion; Debt Servicing: ₦14.32 trillion; Deficit-to-GDP Ratio: 1.52%.