Leadnaija
The Senate on Thursday approved the second reading of the 2025 Appropriation Bill, totalling N49.7 trillion, presented earlier by President Bola Ahmed Tinubu to a joint session of the National Assembly.
Nicknamed “The Restoration Budget: Securing Peace, Rebuilding Prosperity,” the fiscal proposal aims to tackle pressing challenges while fostering economic recovery and growth...Don’t Miss Out! CLICK HERE TO KEEP READING> >>>
The Breakdown of the 2025 Budget:
Statutory Transfers: N4.44 trillion
Debt Service: N16.33 trillion
Recurrent (Non-Debt) Expenditure: N14.12 trillion
Capital Expenditure (Development Fund Contribution): N14.85 trillion
The Senate Leader, Opeyemi Bamidele, sponsored the bill, emphasizing its alignment with the administration’s focus on peace, security, and economic restoration.
Following debates on the bill’s objectives and principles, the Senate adjourned its plenary session to January 14, 2025, allowing lawmakers to observe the Christmas and New Year holidays…Don’t Miss Out! CLICK HERE TO KEEP READING> >>>
