Budget
2025 Appropriation Act (Budget of Restoration) — appropriated, revised, and what has actually been spent.
Appropriated
₦55.0tn
After revisions
₦48.3tn
Revision
−₦6.7tn
Spent to date
—
No implementation report yet
The appropriation
spending not yet reported- Original appropriation
- ₦55.0tn
- Supplementary
- −₦6.7tn-12.1%
- Debt service
- ₦14.3tn
- Statutory transfers
- ₦3.6tn
- Recurrent (non-debt)
- ₦13.6tn
- Capital
- ₦24.0tn
- Oil benchmark
- $75 / barrel
- Oil production
- 2.12 million b/d
- Exchange rate
- ₦1500 / $
Signed 28 Feb 2025: N54.99tn as reported (TheCable, ICIR, Daily Trust); the executive proposal was N49.7tn. On 23 Dec 2025 the National Assembly passed the 2025 Appropriation (Repeal and Re-Enactment) Bill at N48.316tn (N3.64tn statutory transfers, N14.31tn debt service, N13.58tn recurrent non-debt, N16.76tn capital); assent date for that bill not found. totalRevised = N48.316tn. The capital component was extended to 31 Mar 2026, then 30 Jun 2026 (signed 17 Apr 2026), then to 31 Dec 2026 (Appropriation (Amendment) (No.4) Bill 2025 signed about 30 Sep 2026). Spent: the Budget Office has published only Q1 and Q2 2025 reports (the Q2 report is a H1 macro-fiscal report; Q2 expenditure N8.63tn); no full-year actual, so totalSpent is 0. Highlights per press reports of the signed Act; oil benchmark US$75 and production 2.12 mbpd per the Budget Office Q2 2025 report (press cited 2.06 mbpd); exchange rate N1,500 per press. Per-head lines come from the Budget Office "2025 Appropriation ACT as Passed" PDF; the National Assembly, judiciary and INEC heads are not in the parsed sections.
Published 28 February 2025 · 140 line items
Year on year