The House of Representatives on Thursday passed the ₦54.99trn 2025 Appropriation Bill.
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A breakdown of the budget showed N3.645trn for statutory transfers, N14.317trn for debt servicing, N13.64trn for recurrent expenditure, and N23.963trn capital expenditure (development fund).
Last Week, President Bola Tinubu increased the 2025 fiscal year budget from an initial N49.7trn to N54.2trn, seeking approval from the Senate and the House of Representatives.
More to follow…
