The Senate has approved a revised ₦43.561 trillion 2024 Appropriation Act and a restructured ₦48.316 trillion 2025 budget framework, following the passage of the Appropriation (Repeal and Re-enactment) Bills.
The bills were considered at the Committee of Supply and plenary and passed through a voice vote, with lawmakers describing the move as a critical step toward restoring fiscal discipline, budget clarity, and transparency.
The approval followed a letter dated December 19, 2025, from Senate President Godswill Akpabio to the National Assembly, conveying President Bola Ahmed Tinubu’s request to repeal and re-enact portions of the 2024 and 2025 Appropriation Acts in line with constitutional requirements.
Presenting the bills, Senator Olamilekan Adeola (APC, Ogun West) said the revisions reflect current fiscal realities, revenue constraints, and emerging national priorities. He explained that the 2024 budget was increased from ₦35.005 trillion to ₦43.561 trillion, covering statutory transfers, debt servicing, recurrent expenditure, and capital projects.
For the 2025 fiscal year, the Senate replaced the earlier ₦54.99 trillion budget with a revised ₦48.316 trillion framework. According to Adeola, the adjustment involves rolling over part of the 2025 capital allocation into 2026 due to funding constraints, a move aimed at improving budget implementation and debt sustainability.
He disclosed that ₦8.5 trillion was injected into the 2024 capital component to address security, humanitarian, and economic emergencies, while ₦6.674 trillion of the 2025 capital budget was deferred to 2026. Adeola warned that running multiple budget cycles simultaneously undermines fiscal discipline and transparency.
Deputy Senate President Jibrin Barau (APC, Kano North) commended the committee for delivering a comprehensive report within a tight timeline.
Other lawmakers, including Senators Sani Musa (APC, Niger East) and Adetokunbo Abiru (APC, Lagos East), said the revised budgets prioritised critical infrastructure such as roads and rail projects, improved coordination, and safeguarded essential spending.
Chief Whip Tahir Monguno (APC, Borno North) described the reform as timely, noting that it would prevent distortions caused by overlapping budget cycles.
In his remarks, Senate President Akpabio hailed the approval as a “major transformative step” that would strengthen accountability, transparency, and public confidence in Nigeria’s budgetary process.
