President Tinubu Increases 2025 Budget From ₦49.7trn To ₦54.2trn

President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by key government agencies. The President conveyed the budget adjustment in separate letters sent to both the Senate and the House of Representatives, which were read during plenary today by the Senate President, Godswill Akpabio. According…

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Debt Servicing, Salaries Account for N24.8 Trillion in the 2025 Budget

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…

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Year 2025 Budget Proposal

The Y2025 Budget proposal, tagged “Budget of Sustainability”, as proposed by Governor@jidesanwooluthis afternoon to the Lagos State House of Assembly, has a total budget size of Three Trillion, Five Billion, Nine Hundred and Thirty Five Million, One Hundred and Ninety Eight Thousand, Four Hundred and One Naira (N3,005,935,198,401), comprising a Total Revenue of Two Trillion,…

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