The House of Representatives is poised to approve a budget of ₦54.9 trillion for the 2025 fiscal year, representing an increase of approximately ₦7 billion over the initial proposal. Naija News reports that of the total budget, ₦3.6 trillion is allocated for statutory transfers, ₦14.3 trillion for debt servicing, ₦13.6 trillion for recurrent (non-debt) expenditures, […]

The House of Representatives, on Thursday, passed a national budget of ₦54.9 trillion for the year 2025. The budget was passed following the presentation and submission of a report by the House Committee on Appropriations. Naija News reports that of the total budget, ₦3.6 trillion is allocated for statutory transfers, ₦14.3 trillion for debt servicing, […]