BREAKING: Tinubu Signs Record N54.99trn 2025 Budget Into Law

President Bola Tinubu has signed the N54.99 trillion 2025 budget into law at a ceremony in the State House, Abuja, on Friday afternoon.

The National Assembly had passed the budget on February 13 after raising the size from the N49.7 trillion originally proposed by the president.

The 2025 budget is nearly double the N27.5 trillion approved for 2024, marking a 99.96% increase.

Key allocations include ₦3.65 trillion for statutory transfers, ₦13.64 trillion for recurrent (non-debt) expenditure, ₦23.96 trillion for capital projects, and ₦14.32 trillion for debt servicing. The fiscal deficit is projected at 1.52% of GDP.

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