House of Representatives Passes ₦54.99 Trillion 2025 Budget, Focuses on Debt Servicing and Infrastructure

The House of Representatives on Thursday passed the ₦54.99 trillion 2025 Appropriation Bill, structured to address Nigeria’s key financial commitments.

The budget allocates ₦3.645 trillion for statutory transfers, ₦14.317 trillion for debt servicing, and ₦13.64 trillion for recurrent expenditure, covering salaries and government operations. The largest portion, ₦23.963 trillion, is designated for capital projects to drive infrastructure development and economic growth.

Last week, President Bola Tinubu increased the proposed budget from ₦49.7 trillion to ₦54.2 trillion before seeking legislative approval.