The Senate and the House of Representatives have on Tuesday canceled their decision on the passage of the 2025 budget bill.
According to them, they cited the need to correct errors in the allocations to capital and recurrent expenditures.
However, despite the reversal, the overall budget size remains unchanged at N54.9 trillion.
The adjustment, which was prompted by a motion from Senator Adeola Olamilekan, Chairman of the Joint Committee on Appropriations, and Hon. Abubakar Kabir, Chairman of the House Appropriations Committee, led to a reallocation of funds.
The revised bill now allocates N13.588 trillion to recurrent expenditure, an increase of N524 billion, while capital expenditure has been reduced by the same amount to N23.439 trillion.
READ MORE: 2025 Budget: National Assembly Finally Passes ₦54.99 Trillion 2025 Budget
The National Assembly initially passed the budget on Thursday, February 13, with recurrent expenditure set at N13.064 trillion and capital expenditure at N23.963 trillion. However, upon further scrutiny, lawmakers identified discrepancies that required immediate rectification.
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