Nigerian Senate Approves Record-Breaking ₦54.99 Trillion Budget for 2025
The Nigerian Senate has passed the 2025 Appropriation Bill, approving an unprecedented national budget of ₦54.99 trillion. This figure represents a significant increase from the ₦49.7 trillion initially proposed by President Bola Tinubu, reflecting adjustments made to accommodate additional revenue projections. The budget encompasses allocations for statutory transfers, recurrent and capital expenditures, and debt servicing,…
