🗣️Hello Nigerians,

Last week, President @officialABAT signed the N54.99 trillion 2025 Appropriation Bill into law. Of the amount, the Federal Government will generate a revenue of N41.81 trillion, leaving a deficit of N13.08 trillion.

A breakdown of the revenue shows that FG’s share of net federation revenues is N27.49 trillion, independent revenues will generate N3.47 trillion, and other revenues will bring in N23.95 trillion.

Where will the money go? 🤔
Capital expenditure will gulp N23.44tn, recurrent non-debt will take N13.59tn, N13.43tn will be spent on debt service, while statutory transfer will amount to N3.65tn.

The approved budget is anchored on an oil production rate of 2.06 mbpd, an exchange rate of N1500/$, and an inflation rate of 15%.

Stay tuned for more updates in the coming days!

#Budget2025 #GetInvolved