An analysis of the 2025 Appropriation Bill shows that the Federal Government plans to spend N8.52tn (inclusive of government enterprises) on personnel and pension costs for federal workers next year.
This amount is an increase of N3.17tn or 59.16 percent from the 2024 provision of N5.35tn.
The document also showed that government expenses on salaries alone will reach N7.54tn, an increase of N2.75tn from N4.79tn paid to federal workers in 2024.
The personnel and pension costs of N8.52tn and the debt service cost of N16.33tn total N24.85tn, or 53.98 percent of the total N46.02tn 2025 budget.
It was also observed that the government would spend more on debt servicing than it would spend on paying the salaries and pensions of its workers.
Speaking at the National Assembly, Tinubu stressed his administration’s commitment to strengthening security and revamping the nation’s infrastructure.
In the appropriation bill document obtained by our correspondent, the government earmarked a total sum of N7.54tn for salaries, N984.91bn for pension and gratuities and N16.33tn for debt servicing.
