President Bola Tinubu on Friday signed into law the N54.99tn 2025 Appropriation Bill at a brief ceremony at the State House, Abuja, pledging continued economic reforms and stability.
The budget, which is Nigeria’s largest ever, surpasses the N49.7tn initially proposed by Tinubu, following additional anticipated revenues from agencies like the Federal Inland Revenue Service (FIRS) and Nigeria Customs Service.
Reflecting on his administration’s journey, Tinubu acknowledged the economic turbulence faced at the start of his tenure but expressed optimism about the country’s progress.
“Our national GDP growth rebounded to 3.86%, revenue increased to N21.63tn, and the naira is regaining strength. We have reduced the deficit significantly and are meeting all obligations,” he stated.
Senate President Godswill Akpabio commended Tinubu’s economic reforms and pledged the National Assembly’s support for policies aimed at alleviating Nigerians’ hardships.
The 2025 budget is expected to prioritize infrastructure development, job creation, and social investment programs.
