Tinubu Signs Historic ₦54.99 Trillion 2025 Budget Into Law—Nigeria’s Largest Ever

In a landmark move, President Bola Ahmed Tinubu has officially signed the ₦54.99 trillion 2025 Appropriation Bill into law, setting a new record as Nigeria’s most expansive budget to date. The signing ceremony, held at the Aso Rock Presidential Villa, was attended by principal officers of the National Assembly, top government officials, and key stakeholders in the economic sector.

This budget, which nearly doubles the ₦27.5 trillion allocated for the 2024 fiscal year, underscores the administration’s aggressive fiscal strategy aimed at addressing critical infrastructure, economic stability, and social welfare programs.

The 2025 budget underwent multiple revisions before its final approval. President Tinubu had initially proposed a ₦49.7 trillion budget but later requested an upward revision to accommodate additional expenditures. Following thorough scrutiny and deliberations, the National Assembly approved a ₦54.99 trillion ($36.6 billion) spending plan—slightly higher than the President’s final submission of ₦54.2 trillion.

The budget’s passage through both chambers of the National Assembly on Thursday, February 13, paved the way for today’s historic signing.

Massive Increase: The approved ₦54.99 trillion budget nearly doubles the 2024 fiscal year’s ₦27.5 trillion, signaling the government’s intent to aggressively tackle economic challenges.

Strategic Adjustments: The budget saw an upward revision from ₦49.7 trillion to ₦54.99 trillion, following the President’s request for additional funding.

Legislative Approval: The National Assembly played a pivotal role in shaping the budget, ultimately approving an amount higher than Tinubu’s ₦54.2 trillion final proposal.

Focus Areas: While full details of allocations are yet to be released, expectations are high for increased spending on infrastructure, security, job creation, and social welfare programs.

With this record-breaking budget now signed into law, all eyes are on the Tinubu administration’s implementation strategies. Nigerians will be watching closely to see if this unprecedented fiscal allocation translates into tangible economic progress, development, and relief from the current economic hardships.

Will this budget deliver the much-needed transformation Nigeria seeks? Only time will tell.