Just In: Tinubu signs N54.9trn 2025 budget into law

The bill was approved by the national assembly on February 13, after revisions to Tinubu’s initial budget proposal of N49.7

The key breakdown of the 2025 budget includes a total expenditure of N54.99 trillion, statutory transfers of N3.65 trillion, and a recurrent (non-debt) expenditure of N13.64 trillion.

Other components are capital expenditure: (N23.96 trillion), debt servicing (N14.32 trillion) and a deficit-to-gross domestic product (GDP) ratio of 1.52 percent