By Mercy Adi
The House of Representatives has passed the 2025 Appropriation Bill, totaling ₦54,990,165,355,396, after a thorough review and consideration of the report presented by the Chairman of the House Committee on Appropriations, Rep. Abubakar Kabir Abubakar (APC, Kano).
The passage of the bill followed a comprehensive review and consideration of the report by the Joint House and Senate Committee on Appropriations, as well as a public hearing on January 16, 2025, to receive inputs from Ministries, Departments, Agencies (MDAs), civil society organizations, and other stakeholders.
The Speaker of the House of Representatives, Abbas Tajudeen, PhD, GCON, presided over the plenary and led members in a detailed examination of the crucial financial details and allocations.
The highlights of the passed Appropriation Bill include Statutory Transfers of ₦3,645,761,358,925, Debt Service of ₦14,317,142,689,548, Recurrent (Non-Debt) Expenditure of ₦13,064,009,682,673, and Contribution to the Development Fund for Capital Expenditure of ₦23,963,251,624,250.
The bill contained thirteen clauses that were considered, approved, and passed by the House, which are:
-Issue and appropriation of N54,990,165,355,396 from the Consolidated Revenue Fund of the Federation for 2025, First schedule, Release of funds from the Consolidated Revenue, Virement, and Corrigendum provisions for Excess Revenue, Authorisation, Information on funds releases, Due process certification, Information on internally generated revenue, domestic and foreign assistance, and Power of Nigerian Embassies and Missions.
The passage of the 2025 Appropriation Bill is a testament to the House of Representatives’ commitment to its constitutional duty of ensuring transparent financial management, effective oversight, and accountable governance.
The 2025 budget is expected to play a critical role in shaping Nigeria’s economic future and addressing the country’s developmental challenges.