President Bola Tinubu has signed the 2025 Appropriation Bill into law.
The President signed the bill, which is in the sum of 55.99 trillion naira on Friday in his office at the Presidential Villa, Abuja.
The signing ceremony was witnessed by the leadership of the National Assembly and other senior government functionaries.
The budget is made up of N3.645 trillion for statutory transfers, N14.317 trillion for debt servicing, N13.64 trillion for recurrent expenditure and N23.963 trillion capital expenditure (development fund), with fiscal deficit put at N13.08 trillion.
President Tinubu had increased the 2025 fiscal year budget from an initial N49.7 trillion to N54.2trillion.
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