Breaking: Reps okay N54.990 trn as 2025 budget

The House of Representatives has passed the 2025 budget, leaving the aggregate expenditure at N54.990 trillion.

President Bola Ahmed Tinubu had on December 18, 2024, presented the budget estimates before a joint session of the National Assembly, requesting the approval for an estimated initial aggregate expenditure of N49.74 trillion for the 2025 fiscal year.

However, the President again requested the parliament to increase the aggregate figure from N49.7 trillion to N54.2 trillion, citing additional revenues generated by key government agencies.

The Appropriation Bill enjoyed a unanimous adoption by the House of Representatives on Thursday.

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