President Bola Tinubu has signed the N54.99 trillion 2025 Appropriation Bill into law.
The event took place on Friday at the State House, Abuja.
It would be recalled that the bill was passed by the National Assembly on February 13, after increasing it from the original N49.7 trillion submitted by President Tinubu.
The 2025 Appropriation Act represents a 99.96 per cent increase from the 2024 Budget of N27.5 trillion.
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The 2025 budget has a total expenditure component of ₦54.99 trillion, statutory transfers of ₦3.65 trillion and recurrent (Non-Debt) expenditure of ₦13.64 trillion.
The capital expenditure component is ₦23.96 trillion, debt servicing of ₦14.32 trillion and deficit-to-GDP Ratio of 1.52 per cent.
President of the Senate, Godswill Akpabio, and other leaders of the National Assembly were at the occasion.
