The passage of the budget followed the presentation, consideration, and adoption of the recommendation of the Senate Committees on Appropriations by the Senate
Just In: Senate passes N54.99tr 2025 budget
Capital expenditure – N23.96tr
…Recurrent Expenditure – N13.06tr
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
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.
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