President Bola Tinubu has signed the N54.99 trillion 2025 Appropriation Bill into law, setting a new record for Nigeria’s national budget.
The latest fiscal plan represents a staggering 99.96% increase from the N27.5 trillion budget for 2024, reflecting the administration’s push for expanded capital investment and economic stabilization.
The National Assembly approved the budget on February 13 after making adjustments to Tinubu’s initial proposal of N49.7 trillion.
The final breakdown includes N23.96 trillion for capital expenditure, N14.32 trillion for debt servicing, and N13.64 trillion for recurrent (non-debt) spending.
Statutory transfers stand at N3.65 trillion, while the budget deficit-to-GDP ratio is pegged at 1.52%.
The sharp increase in budgetary allocation signals the government’s intent to prioritize infrastructure development, social welfare, and economic growth despite rising fiscal challenges.
However, concerns remain over Nigeria’s growing debt burden, as debt servicing alone takes up a significant portion of the total expenditure.
