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Economy to Expand as Tinubu signs N54.99trn 2025 bill into law

The 2025 Appropriation Act represents a 99.96% increase from the 2024 budget of ₦27.5 trillion.

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President Bola Tinubu on Friday signed the N54.99 trillion appropriation into law.

Signing a country’s budget has significant impacts on the economy, governance, and citizens.

Here are some of the key effects:

Economic Impacts

1. Allocation of Resources: The budget allocates resources to various sectors, such as healthcare, education, infrastructure, and defense.

2. Fiscal Policy: The budget implements fiscal policy, influencing the overall level of economic activity, employment, and inflation.

3. Investment and Growth: A well-structured budget can attract investments, stimulate economic growth, and improve living standards.

4. Debt Management: The budget outlines debt management strategies, affecting the country’s credit rating and borrowing costs.

The signing ceremony took place on Friday at the Presidential Villa, Abuja, in the presence of the leadership of the National Assembly and other senior government officials.

The budget was passed by both chambers of the National Assembly on Thursday, February 13, after lawmakers increased it from the initial ₦49.7 trillion submitted by the President.

The 2025 Appropriation Act represents a 99.96% increase from the 2024 budget of ₦27.5 trillion.

The 2025 Budget breakdowns:

Total Expenditure: ₦54.99 trillion Statutory Transfers: ₦3.65 trillion Recurrent (Non-Debt) Expenditure: ₦13.64 trillion Capital Expenditure: ₦23.96 trillion. Debt Servicing: ₦14.32 trillion.Deficit-to-GDP Ratio: 1.52%.

This budget marks a significant fiscal expansion, with increased allocations for capital projects and debt servicing.

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Commotion In National Assembly Over Fire Outbreak

It took the swift intervention of senator Asuquo Ekpenyong from Cross River South and Senator Salihu Mustapha to quench the fire building up in the kitchen compartment of the Senate hearing room 107.

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Image: National Assembly, Abuja

A fire outbreak in the Senate wing of the National Assembly was quickly put out on Wednesday; stopping it from spreading any further.

It took the swift intervention of senator Asuquo Ekpenyong from Cross River South and Senator Salihu Mustapha to quench the fire building up in the kitchen compartment of the Senate hearing room 107.

The Senate Committee on Niger -Delta Development Commission, NDCC chaired by Senator Ekpenyong had just concluded the screening exercise of Dr. Zainab Marwa as the member representing, Northeast on the board of the commission when smoke from the fire rapidly covered the scene of incident.

It was subsequently gathered that the fire emanated from a micro-wave left on in the kitchen.

In the brief commotion; Senator Ekpenyong’s swift intervention ensured that the fire was quickly put out.SOT

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President Tinubu Commissions new EFCC office in Ekiti

Earlier, EFCC Chairman Ola Olukoyede described the commissioning of the Ekiti Zonal Directorate as a landmark development that would enhance the Commission’s presence and effectiveness in the region.

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• EFCC Ekiti Office commission by Vice President Kashim Shettima, Tuesday, June 9, 2026.

President Bola Ahmed Tinubu has commissioned the new Economic and Financial Crimes Commission (EFCC) Zonal Directorate office in Ado-Ekiti.

Represented by Vice President Kashim Shettima at the commissioning ceremony on Tuesday, President Tinubu said that the state-of-the-art facility reflects the Federal Government’s commitment to strengthening institutions responsible for fighting corruption and economic crimes.

The President commended EFCC Chairman, Ola Olukoyede, as well as the management and staff of the Commission for their efforts in enhancing the agency’s operational capacity and expanding its reach across the country.

According to him, the new office will improve the Commission’s effectiveness in tackling corruption, financial crimes and related offences, while bringing anti-graft operations closer to the people of Ekiti and Ondo States.

Earlier, EFCC Chairman Ola Olukoyede described the commissioning of the Ekiti Zonal Directorate as a landmark development that would enhance the Commission’s presence and effectiveness in the region.

He noted that the facility would help close operational gaps in the Commission’s coverage of Ekiti and Ondo States while improving engagement with local communities in the fight against corruption.

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JUST IN: IED Explosion Kills One, Injures Seven on Anka-Bagega Road in Zamfara ( Photos)

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An Improvised Explosive Device (IED) exploded on the Anka-Bagega road on Tuesday, killing one person and injuring seven others.

The blast struck a commercial Volkswagen Golf 3 Wagon carrying passengers travelling from Bagega village to Anka town. One passenger died on the spot, while the seven injured victims are receiving treatment at a primary healthcare facility in Bagega.

The explosion also caused significant damage to the vehicle, sparking fresh security concerns among commuters using the route.

This incident comes barely a month after a similar IED explosion occurred along the same road.

Zamfara State Commissioner of Police, Ahmad Bello, confirmed the attack. He said joint security forces have been deployed to assess the situation, clear the affected area, and restore normalcy on the route.

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