The Nigerian Senate has officially passed the ₦54.9 trillion 2025 budget into law.
The approval came during Thursday’s plenary session, presided over by Senate President Godswill Akpabio.
This development follows two months of legislative review since President Bola Ahmed Tinubu first presented the budget to the National Assembly on December 18, 2024.
Initially, the proposed budget stood at ₦47.9 trillion, but lawmakers increased the figure after weeks of scrutiny.
The budget underwent a series of evaluations and adjustments by both chambers of the National Assembly before reaching the final approved amount of ₦54.9 trillion.
The upward review reflects legislative considerations on economic priorities, funding allocations, and national development plans for the coming year.
While details of the specific changes made to the budget are yet to be fully disclosed, the increase suggests adjustments to accommodate key sectors, ongoing projects, and emerging financial demands.
The passage of the budget marks a crucial step in Nigeria’s fiscal planning for 2025, setting the framework for government spending and economic management.
Further information on the budget breakdown and its implications is expected to be released in due course