The House of Representatives has passed the ₦54.99 trillion 2025 Appropriation Bill, which the presidency describes as a strategic financial plan to meet Nigeria’s key national obligations.
A breakdown of the budget shows that ₦3.645 trillion has been earmarked for statutory transfers to constitutionally mandated entities.
Debt servicing will account for ₦14.317 trillion, underscoring the country’s fiscal commitments.
Recurrent expenditure, covering salaries, overheads, and government operations, stands at ₦13.64 trillion.
The highest allocation, ₦23.963 trillion, has been set aside for capital projects under the development fund, aimed at driving infrastructure growth and economic expansion.
President Bola Tinubu had previously increased the proposed budget from ₦49.7 trillion to ₦54.2 trillion before submitting it for legislative approval.
Chairman of the House Committee on Appropriations, Abubakar Bichi, emphasised the need for timely budget submissions to maintain the January-to-December fiscal cycle.
While presenting the bill, he noted that extensive consultations had taken place between the committee and the Presidential Economic Planning team to assess revenue projections and expenditure plans.
Bichi acknowledged that the 2025 budget was submitted later than the previous year’s, stressing the importance of an earlier presentation.
He urged the executive to ensure future appropriation bills are transmitted to the National Assembly at least three months before the start of the financial year to allow for thorough legislative scrutiny and approval.
