In a significant move for Nigeria’s economic landscape, President Bola Ahmed Tinubu has officially signed the 2025 Appropriation Bill into law. The record-breaking budget, valued at ₦54.99 trillion, marks a 99.96% increase from the ₦27.5 trillion approved for the 2024 fiscal year.
The signing ceremony took place at the State House in Abuja on Friday, symbolizing the administration’s commitment to driving economic growth and national development.
The 2025 budget saw an upward adjustment from the initial ₦49.7 trillion proposal submitted by the President to the National Assembly. After thorough deliberations, lawmakers increased the appropriation to the current figure, reflecting priorities in infrastructure, social welfare, security, and economic stability.
With such a substantial increase, the budget is expected to address critical areas such as job creation, healthcare, education, and technological advancements.
The administration has reiterated its focus on fostering economic resilience and ensuring that the budgetary allocations align with Nigeria’s long-term development goals.
This historic budget signals a robust financial outlook for the country, though it also raises questions about funding sources, implementation strategies, and its impact on inflation and public debt. Economic analysts suggest that the success of this budget will depend on effective execution, transparency, and fiscal discipline.