• The budget proposal for 2025 was passed after deliberations by the Senate and House of Representatives
• The budget revealed significant increases of over N1 trillion each to more than 10 ministries, with the Finance Ministry receiving the highest share of N17.52 trillion
• Power Ministry to get a 510.46% increase, reaching N2.1 trillion, N2.52 trillion for Education and N2.23 trillion for Niger Delta

A breakdown of the 2025 Appropriation Bill, presented to the National Assembly, showed that more than 10 federal ministries and agencies have been allocated over N1 trillion each in the proposed budget.

Among the ministries are Interior, Police Affairs, Defence, Finance, Power, Works, and Budget and Economic Planning, along with the Ministries of Niger Delta, Education, and Health.

Finance ministry leads with N17.52 trillion

According to the proposed budget, the Ministry of Finance was allocated N17.52 trillion, the highest among all ministries, with most of this sum designated for salary payments. This marked an increase of 87.78%, or N8.19 trillion, from the N9.33 trillion allocated in 2023.

Following the Ministry of Finance, the Ministry of Budget and Economic Planning received an increase of N2.33 trillion, or 52.35%, bringing its allocation to N6.78 trillion in the 2025 budget.

In third place was the Ministry of Defence, with a budget of N2.92 trillion, reflecting an increase of N1.34 trillion, or 84.81%. 

Ministry of Works’ budget grows to N1.14tn

Meanwhile, the Ministry of Interior was allocated N1.13 trillion, a significant rise from N461 billion in 2024.

The Ministry of Power was allocated N2.1 trillion, reflecting a 510.46% increase from N344 billion in 2024. 

Similarly, the Ministry of Works' proposed budget increased to N1.14 trillion, compared to N657.23 billion last year.

Senate, House pass N49.7tn ‘restoration’ budget for second reading

Likewise, the Ministry of Niger Delta was allocated N2.23 trillion, the Ministry of Education received N2.52 trillion, and the Ministry of Health was given N1.91 trillion.

Recall that on Thursday, December 19, the Senate and the House of Representatives each passed the N49.7 trillion ‘Restoration’ 2025 budget for a second reading, which had been presented by President Bola Tinubu on December 18.

The budget was approved following thorough deliberations on its general principles, with senators and House members praising the President for his good intentions toward the nation.

Tinubu's 2025 budget: Minister Edun explains N13 trillion deficit and loan funding

Meanwhile, TheRadar earlier reported that Minister Wale Edun said the N13 trillion deficit in Nigeria's 2025 budget would be funded by loans.

Private sector investment highlighted as key to driving economic growth, with Shell and Total committing multi-billion-dollar investments.