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3 ARTICLE AD
National Assembly Complex
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, marking the largest annual jump in recent years.
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%.
In 2024, Tinubu unveiled a N27.5 trillion budget estimate for the fiscal year.
The budget in 2023 under President Muhammadu Buhari was N21.83tn.
In 2022, the House of Representatives and the Senate passed the Federal Government’s budget raising the total estimates from the proposed N16.391tn to N17.126tn.
In 2021, the President presented to the National Assembly N13.08tn budget estimates.
In 2020, Buhari signed N10.8tn revised budget into law.
The 2019 appropriation bill was N8.82tn.
The significant increase in the 2025 budget comes amid ongoing economic challenges and government efforts to boost infrastructure, social programmes, and debt servicing.
Between 2014 and 2025, Nigeria’s annual budgets have grown steadily, but this year’s leap stands out as unprecedented.
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