The Senate has authorized the 2025 Appropriation Invoice, passing a complete funds estimate of ₦54.99 trillion on Thursday.
The funds contains allocations for statutory transfers, recurrent expenditures, capital initiatives, and debt servicing, with a fiscal dearth of ₦13.08 trillion.
Key breakdowns are as follows: Overall Expenditure: ₦54.99 trillion; Statutory Transfers: ₦3.65 trillion; Recurrent (Non-Debt) Expenditure: ₦13.64 trillion; Capital Expenditure: ₦23.96 trillion; Debt Servicing: ₦14.32 trillion; Dearth-to-GDP Ratio: 1.52%.
Tinubu to begin with proposed a ₦49.7 trillion funds, however greater it to ₦54.2 trillion on February 5 later reporting backup income generated by means of key companies.
In letters to the Senate and Area of Representatives, learn by means of Senate President Godswill Akpabio, Tinubu clear the assets of the backup income: ₦1.4 trillion from the Federal Inland Income Provider, ₦1.2 trillion from the Nigeria Customs Provider, and ₦1.8 trillion from alternative govt companies.
The Area of Representatives had previous handed the ₦54.99 trillion 2025 Appropriation Invoice.
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