President Bola Tinubu has signed into law the N54.99 trillion 2025 Appropriation Bill, marking a significant step in the country’s fiscal planning.
The signing ceremony, held at the State House in Abuja, was attended by principal officers of the National Assembly and top government officials.
The National Assembly approved the budget on February 13, following an increase from Tinubu’s initial proposal of N54.2 trillion.
This adjustment was based on projected revenue boosts from agencies such as the Federal Inland Revenue Service and the Nigeria Customs Service.
The 2025 budget is built on key economic assumptions, including a crude oil production target of 2.06 million barrels per day and a benchmark price of $75 per barrel.
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