The National Assembly has passed the ₦54.9 trillion Appropriation Bill for the 2025 fiscal year, marking a significant step in the country’s budgetary process.
The bill, which was approved by both the House of Representatives and the Senate, outlines key allocations for various sectors, including infrastructure, healthcare, education, and security.
The budget passage follows weeks of deliberation and scrutiny by lawmakers, ensuring that allocations align with the government’s economic and developmental priorities. With this approval, the bill will now be forwarded to President Bola Ahmed Tinubu for assent before implementation.
Speaking on the passage, lawmakers emphasized the importance of timely budget execution to drive economic growth and address pressing national challenges.
The appropriation includes provisions for capital projects, social welfare programs, and interventions aimed at stabilizing the economy.
More details to follow….
