President Bola Ahmed Tinubu has transmitted the 2025 Appropriation Bill to the House of Representatives, seeking approval for total expenditure of ₦43.56 trillion from the Consolidated Revenue Fund of the Federation.
The bill was presented in a letter read during plenary by the Deputy Speaker, Mr Benjamin Kalu.
According to the President, the proposed budget allocates ₦1.74 trillion for statutory transfers, ₦8.27 trillion for debt servicing, ₦11.27 trillion for recurrent (non-debt) expenditure, and ₦22.28 trillion for capital projects, including development fund contributions, for the fiscal year ending 31 December 2025.
President Tinubu explained that the budget aims to end the practice of running multiple budgets concurrently, while consolidating critical, time-sensitive expenditures tied to emergencies and national priorities.
He highlighted that the proposal builds on what he described as “reasonable and unprecedentedly high capital performance rates” achieved in the execution of 2024 and 2025 capital projects.
The President emphasised that the bill establishes a transparent and constitutionally grounded appropriation framework to strengthen fiscal discipline, accountability, prudence, and effective public financial management amid national security and economic challenges.
Key provisions of the bill include strict adherence to budget schedules for fund utilisation, prior National Assembly approval for any virements, separate recording of special revenues, and limits on their expenditure to legislative authorisation. The proposal also enforces due process, requires periodic reporting on fund releases, and mandates disclosures of agency-generated revenues and assistance.
President Tinubu urged the House to consider and pass the bill swiftly, reaffirming his commitment to accountable governance.
The 2025 Appropriation Bill passed its second reading and has been referred to the Committee on Appropriation for further legislative scrutiny.
