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JUST IN: Senate Passes N54.99tr 2025 Budget

Victor Okebunmi by Victor Okebunmi
February 13, 2025
in Featured, News
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JUST IN: Senate Passes N54.99tr 2025 Budget
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The Senate on Thursday passed the sum of N54,990,165,355,396.00 as aggregate expenditure of the federal government in the 2025 fiscal year.

The highlights of the amount include: N23,963,251,624,250.00 as Capital Expenditure, N14,317,142,689,548.00 for Debt Service, N13,064,009,682,673.00 for Recurrent and Non Debt Expenditure, and N3,645,761,358,925.00 for Statutory Transfers and Deficit to Gross Domestic Product (GDP) of 1.52 percent.

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The passage of the budget followed the presentation, consideration, and adoption of the recommendation of the Senate Committees on Appropriations by the Senate.

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