BREAKING: Tinubu Signs 2025 Budget Into Law - TM NEWS ONLINE

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    Home Unlabelled BREAKING: Tinubu Signs 2025 Budget Into Law

    BREAKING: Tinubu Signs 2025 Budget Into Law

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    BREAKING: Tinubu Signs 2025 Budget Into Law

    President Bola Tinubu has officially signed the 2025 budget into law.

    The National Assembly approved a total budget of N54.99 trillion for the fiscal year, an increase from the initial N49.7 trillion, following Tinubu’s request for adjustments.

    A breakdown of the budget includes:
    N3.645 trillion for Statutory Transfers
    N14.317 trillion for Debt Servicing
    N13.64 trillion for Recurrent Expenditure (salaries, overheads, and government operations)
    N23.963 trillion for Capital Expenditure (Development Fund)

    The allocation for debt servicing highlights Nigeria’s fiscal obligations, while the Recurrent Expenditure covers essential government functions.

    More details to follow…

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    Temidayo Babalola

    Temidayo Babalola SPMIIM is the Editor-in-chief and Publisher of TMnews Magazine and www.tmnewsmagazine.com He is Senior Professional Member, Institute of Information Management iim-africa, Member of Celebrity Journal Publishers Association of Nigeria CJPAN, SSA on Media to National Chairman of Police Community Relations Committee (PCRC) and Member Special Constabulary Police. TMnews is proudly Published under Temis Prime Media & Ventures. Contact us on 08062107810 or temisprimemediaventures@gmail.com We celebrate people of the Nation

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