President Tinubu Enacts Nigeria’s 2025 Budget Into Law

Posted On: February 28, 2025
Posted By: Elena Garcia
Comments: 0

President Bola Tinubu has signed the 2025 Appropriation Bill into law, set at N54.99 trillion, following National Assembly approval. This marks a N700 billion increase from his original proposal of N54.2 trillion, which he had revised prior to its passage.

President Bola Tinubu has officially enacted the 2025 Appropriation Bill following its passage by the National Assembly. The signing ceremony took place on Friday at the State House in Abuja. According to PREMIUM TIMES, the National Assembly approved a budget of N54.99 trillion earlier this month, representing an increase of approximately N700 billion from the original proposal of N54.2 trillion presented by the President, which he had subsequently adjusted for consideration by the lawmakers.

In summary, President Bola Tinubu has signed Nigeria’s 2025 budget into law, following its approval by the National Assembly. The finalized budget amounts to N54.99 trillion, reflecting a notable increase from the President’s initial proposal. This budgetary development is a significant milestone for the Nigerian government as it plans for the upcoming fiscal period.

Original Source: www.premiumtimesng.com

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Elena Garcia

Elena Garcia, a San Francisco native, has made a mark as a cultural correspondent with a focus on social dynamics and community issues. With a degree in Communications from Stanford University, she has spent over 12 years in journalism, contributing to several reputable media outlets. Her immersive reporting style and ability to connect with diverse communities have garnered her numerous awards, making her a respected voice in the field.