₦airaland Forum

The Nigerian Senate has approved the 2025 Appropriation Bill, totaling N54.9 trillion, following its third reading.

Presenting the report, Senator Olamilekan Adeola, Chairman of the Committee on Appropriation, noted that many subcommittees raised concerns about inadequate funding and reduced allocations to Ministries, Departments, and Agencies (MDAs). He also highlighted the rising cost of governance and the continued depreciation of the naira.

Key Highlights of the 2025 Budget:

Total Expenditure: N54.9 trillion

Statutory Transfers: N3.6 trillion

Recurrent Expenditure: N13.6 trillion

Capital Expenditure: N23.9 trillion

Debt Servicing: N14.3 trillion

Fiscal Deficit: N13.8 trillion

Deficit-to-GDP Ratio: 1.52%

Budgetary Adjustments and Revenue Projections

Senator Adeola recalled that the initial budget proposal from the executive was N49.7 trillion. However, during the legislative review, the Joint Committee on Appropriations engaged with the President’s economic team to reassess revenue projections and expenditure needs.

Following these consultations, additional revenues were sourced from various revenue-generating agencies:

Federal Inland Revenue Service (FIRS): N1.4 trillion

Nigeria Customs Service: N1.2 trillion

Other Government Agencies: N1.8 trillion

These additional funds were allocated to critical projects, vaccine procurement, and underfunded government agencies.

Legislative Process and Recommendations

The Senate initially debated the bill on December 19, 2024, leading to its second reading and referral to the Appropriations Committee for further scrutiny. The committee collaborated with the National Assembly leadership and the executive arm to ensure efficient revenue allocation.

Senator Adeola urged the executive to present future budgets at least three months before the new fiscal year begins, ensuring Nigeria adheres to the January-December budget cycle.

Senate Leadership Commends Lawmakers

Following the budget’s passage, Senate President Godswill Akpabio praised the efforts of the Appropriations Committees in both the Senate and the House of Representatives.

“Let me thank the Chairman of the Appropriations Committee, Senator Olamilekan Yayi, and all committee members, who represent almost two-thirds of the Senate, for their dedication to ensuring accountability and prudent fiscal management. I also commend the House of Representatives for their collaborative efforts,” Akpabio stated.

President Tinubu’s Budget Adjustment

President Bola Ahmed Tinubu revised the proposed budget upward from N49.7 trillion to N54.9 trillion, as announced in separate letters to both legislative chambers. The increase was attributed to additional revenues generated by federal agencies, including the FIRS, Nigeria Customs Service, and other government bodies.

With the budget now passed, attention shifts to its implementation and the expected impact on Nigeria’s economic stability and development.

Source: The Bureau Newspaper

The rubber stamp senate was bound to approve it.
No review or critique.
Tueh.

No query, no questioning, no objection
not unexpected
everyone gets enough to fill his babariga and daze voters in the next cycle.

Budget that will be looted as ususal

Thieves

eddychukwu:
The rubber stamp senate was bound to approve it.
No review or critique.R
Tueh.

You took the words from me. Rubber stamp senators. As expected

We don't need a bicameral legislature. Why duplicate corruption?

May this Budget favour me my family and Nigeria well-wisher.

For evil news merchant, agbotikuyo, from ponu region may you continue to enjoy the evil you wish Nigeria

All thanks to the Chairman of the appropriation committee, the incoming governor of Ogun state Solomon Adeola Yayi

When annual budgets don't have significant impacts on the lives of majority of the people, the best thing to do is to gather the money, divide it by the total number of Nigerians and give everybody their share to use as they want

Tinubu ole

These our national assembly are bunch of jokers. You can imagine passing appropriation bill without scrutinising it in toto, and we are expecting the country to make any meaningful progress with these charlatans.

Not up to $35 billion dollars, to service over 200 million people?

Nigeria is currently a poor country going by how much our revenue is and our population.

Budget to be looted..

National cake 🎂

🥱

RealGandalf:
Source: The Bureau Newspaper

Armed Robbers

As APC Dey pass big big budget figures na so hardship Dey increase

Buckle up Nigerians

Chai!

What has gone wrong with Nigeria?

I knew when our budget (during OBJ or so) was a mere 64 billion.

It is well o

Ok o, Nigeria seems to be going backwards. Our budget is increasing in naira but reducing in dollars.

I sell affordable data

340 per 1gb.
Message on Whatsapp
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Budget padding still exist. How much una join?

Rubber Stamp

Inflation continues I guess

The whole 54trn is not worth the 4trn budget we had in 2014

APC is a miserable disaster

atobs4real:
Budget padding still exist. How much una join?

Budget padding was done by the executives themselves who "found" 5trn revenues in one corner and decided to add it to the budget

deji17:
Not up to $35 billion dollars, to service over 200 million people?

Nigeria is currently a poor country going by how much our revenue is and our population.

It's all on APC bro

That evil party couldn't improve anything in our national life

They met the Budget at equivalent of $45bn and have now reduced it to $33bn while ballooning the naira equivalent

I remember one zombie saying the true size of the economy is in the naira terms but dollar terms

Shameful

And Nigeria is not a poor country

We only have bad leaders

Freetech:
May this Budget favour me my family and Nigeria well-wisher.

For evil news merchant, agbotikuyo, from ponu region may you continue to enjoy the evil you wish Nigeria

How did last year's budget favour you and your family

This zombiesm nor follow bros

Hope the adjusted NYSC new allowee Is included too?

National cake : let me have my share

Rubber stamp senate.

Funny people, wailers should avoid barking to death like terrorists. This is the same way tax reforms bill will be passed and Tinubu reelected in 2027. Again, avoid barking to death. Learn a vital lesson from the life of Kachalla Dan Lukuti.