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