President Bola Tinubu has officially signed the N54.9 trillion 2025 budget into law, marking a 99.96% increase from the N27.5 trillion allocated in 2024.
The budget, initially proposed at N49.7 trillion, underwent revisions before receiving approval from the National Assembly on February 13. Tinubu signed the final version into law on February 28.
Key Budget Highlights
- Total expenditure: N54.99 trillion
- Statutory transfers: N3.65 trillion
- Recurrent (non-debt) expenditure: N13.64 trillion
The 2025 budget underscores the administration’s commitment to economic expansion, infrastructure development, and social programs. However, experts are watching closely to see how the government will finance the record-breaking expenditure amid revenue challenges.
