The National Assembly on Tuesday reviewed the recently passed 2025 budget, making adjustments that reduced the capital expenditure component while increasing recurrent expenditure.
Papers News understands that lawmakers explained that the review was necessary due to errors identified in the budget figures previously approved. Despite the adjustments, the overall budget size remains ₦54.99 trillion.
The review resulted in a reduction of over ₦500 billion in capital expenditure, with a corresponding increase in recurrent expenditure.