The House of Representatives has approved a budget of N54.9 trillion for the 2025 fiscal year, reflecting an increase of N719 billion from the initial estimates.

The decision was made on Thursday following the presentation of a report by Abubakar Bichi, chairman of the committee on appropriation.

The budget bill was also passed by the Senate, marking a crucial step in the country’s financial planning for the upcoming year. With the legislature’s approval, the appropriation bill now awaits further processes, including presidential assent, before implementation.
Details to come later

Melissa Enoch

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