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President Bola Ahmed Tinubu has signed the N54.99 trillion 2025 Appropriation Bill into law.
The bill was passed by the National Assembly on February 13, 2025, after being increased from the initial figure of N49.7 trillion submitted by President Tinubu.
The budget was signed during a brief ceremony in the President’s office, on Friday, February 28.
The 2025 Appropriation Act represents a 99.96% increase from the 2024 Budget of N27.5 trillion.
The breakdown of the 2025 budget shows a total Expenditure of N54.99 trillion; Statutory Transfers: N3.65 trillion; Recurrent (Non-Debt) Expenditure: N13.64 trillion; Capital Expenditure: N23.96 trillion; Debt Servicing: N14.32 trillion; Deficit-to-GDP Ratio: 1.52%.
The budget was signed in the presence of the National Assembly leadership led by the President of the Senate, Senator Godswill Akpabio.
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Twelve months after implementation, Nigeria remains the same because funds are looted! Accursed country!
This should be a sad day for the discerning patriotic Nigerians. It is unthinkable that the presidency can so cheaply be fooled by some unpatriotic morally bankrupt pig🐖 headed stupid heads of revenue collection agencies, like the customs, to adjust the proposal for legislative approval and then signing into law, the most unrealistic annual budget estimate, in the history of Nigeria. Senator Adamu Alairo had asked the duo of the CG. of customs and the Inland Revenue Service chairman, why the government should keeps borrowing, if their claims of meted and and surpassed given revenue targets are true. The incompetence of Mr. CG. Wale Adeniyi and his professional lack of practical field experience, in customs administration and control, is known to officers and the observant stake holders in the maritime sector. Like president Buhari's Hameed Ali did for 8years as cover up, Adeniyi has equally for 2 years annually been deceiving the government and people of Nigeria, with copious amounts of the more you look, the less you see, abracadabra fake revenue figures bulletins, as meted or surpassed statutory targets. The duplicitous statistics is been irresponsibly used by the mischievous facilitators of his tenure extension ambition, within the presidency, the legislature and our so called traditional rulers, to dishonestly insult the intelligence of president Bola Ahmed Tinubu, that Wale has performed unpresidented wonders in the Customs. The billions of naira, daily been stolen from criminal deals that compromise national security, is being moved around by the shameless illegal hide and seek occupant of the office of comptroller general of customs, to achieve the goal of getting further 2 years extension, for primitive accumulation. He was due for retirement on the 11th of February 2025. That is the day he clocked the mandatory 35 years in service.
Nigeria is dead. This is exactly why patriotism does not make sense at this stage. Poor decision making.