APPROPRIATION ACT, 2025

EXPLANATORY MEMORANDUM

This Act authorises the issue from the Consolidated Revenue Fund of the Federation the total sum of N54,990,165,355,396 (fifty-four trillion, nine hundred and ninety billion, one hundred and sixty-five million,three hundred and fifty-five thousand, three hundred and ninety-six Naira) only, of which 3,645,761,358,925 (three trillion, six hundred and forty-five billion, seven hundred and sixty-one million, three hundred and fifty-eight thousand, nine hundred and twenty-five Naira) only is for Statutory Transfers, N14,317,142,689,548 (fourteen trillion, three hundred and seventeen billion, one hundred and forty-two million, six hundred and eighty-nine thousand, five hundred and forty-eight Naira) only is for Debt Service, N13,588,009,682,673 (thirteen trillion, five hundred and eighty-eight billion, nine million, six hundred and eighty-two thousand, six hundred and seventy-three Naira) only is for Recurrent (Non-Debt) Expenditure while the sum of N23,439,251,624,250 (twenty-three trillion, four hundred and thirty-nine billion, two hundred and fifty-one million, six hundred and twenty-four thousand, two hundred and fifty Naira) only is for contribution to the Development Fund for Capital Expenditure for the year ending on the 31st day of December, 2025.