National Assembly Reviews 2025 Budget, Cuts Capital Expenditure By N500bn

• The National Assembly has reviewed the 2025 budget, reducing capital expenditure by over N500bn and increasing recurrent expenditure by the same amount.

• The review was necessary due to errors in the passed budget, according to the Chairman of the House Committee on Rules and Business, Francis Waive.

• The budget size remains N54.99tn, with some ministries and agencies receiving increased funding.

The National Assembly has reviewed the 2025 budget, reducing capital expenditure by over N500bn and increasing recurrent expenditure by the same amount.

The review was necessary due to errors in the passed budget, according to the Chairman of the House Committee on Rules and Business, Francis Waive.

Waive explained that the Joint Appropriation Committee noticed errors in the figures earlier passed, prompting the review.

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“The final figure of N54.99tn as well as the statutory transfer of N3.64tn and N14.32tn remained unchanged, the recurrent (non-debt) expenditure of N13.56tn and capital budget of N23.44tn were affected,” he said.

READ ALSO: National Assembly Passes ₦54.99trn 2025 Budget Estimate

The Ministries of Defence and Police Affairs, National Pension Commission, Universities Pensions, Office of the Head of the Civil Service of the Federation (civilian pensions), Pension Transition Arrangement Directorate, and a few other agencies had their budget estimates reduced.

On the other hand, the Presidency, Federal Ministry of Information and National Orientation, Office of the National Security Adviser, Office to the Secretary to Government of the Federation, Federal Ministries of Agriculture and Food Security, Works, Labour and Employment, Transportation, Innovation, Science and Technology, Education, Environment, Health, and Social Welfare, among others, had their budget proposals increased for the 2025 fiscal year.

APC, PDP fight dirty over attempt to assassinate Kaduna Senator

The Kaduna State chapter of the All Progressives Congress (APC) has urged the Peoples Democratic Party (PDP) to desist from tarnishing its reputation with unverified claims and unfounded propaganda.

In a statement issued by the State Secretary, Mr Yahaya Pate on Saturday, APC advised the PDP to ‘’strive to fulfill; its role as a constructive opposition party.’’

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