{"id":7177,"date":"2025-02-13T17:44:39","date_gmt":"2025-02-13T17:44:39","guid":{"rendered":"https:\/\/shakamomodu.com\/?p=7177"},"modified":"2025-02-13T17:44:39","modified_gmt":"2025-02-13T17:44:39","slug":"house-of-representatives-approves-n54-9-trillion-budget-for-2025-fiscal-year","status":"publish","type":"post","link":"https:\/\/shakamomodu.com\/index.php\/2025\/02\/13\/house-of-representatives-approves-n54-9-trillion-budget-for-2025-fiscal-year\/","title":{"rendered":"House of Representatives Approves N54.9 Trillion Budget for 2025 Fiscal Year"},"content":{"rendered":"<p data-start=\"86\" data-end=\"389\">The House of Representatives has approved a budget of N54.9 trillion for the 2025 fiscal year, representing an increase of N719 billion from the initial estimates. This approval was reached on Thursday after the presentation of a report by Abubakar Bichi, the chairman of the committee on appropriation.<\/p>\n<p data-start=\"391\" data-end=\"724\">The decision comes after the Senate also passed the budget bill, marking a significant step in Nigeria\u2019s financial planning for the upcoming year. With both chambers of the National Assembly now in agreement, the appropriation bill awaits the next phase, which includes obtaining the presidential assent before it can be implemented.<\/p>\n<p data-start=\"726\" data-end=\"957\">This approval of the budget is crucial for setting the financial framework for Nigeria\u2019s government spending in 2025 and ensuring that various sectors, including infrastructure, social services, and security, are adequately funded.<\/p>\n<h3 data-start=\"959\" data-end=\"1001\"><strong data-start=\"963\" data-end=\"1001\">Key Highlights of the 2025 Budget:<\/strong><\/h3>\n<ul data-start=\"1003\" data-end=\"1155\">\n<li data-start=\"1003\" data-end=\"1091\"><strong data-start=\"1005\" data-end=\"1022\">Total Budget:<\/strong> N54.9 trillion, an increase of N719 billion from previous estimates.<\/li>\n<li data-start=\"1092\" data-end=\"1152\"><strong data-start=\"1094\" data-end=\"1109\">Next Steps:<\/strong> The budget now awaits presidential assent.<\/li>\n<\/ul>\n<p data-start=\"1156\" data-end=\"1306\">The increase in the budget is seen as necessary to address the country\u2019s growing needs and to accommodate plans for economic recovery and development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The House of Representatives has approved a budget of N54.9 trillion for the 2025 fiscal year, representing an increase of N719 billion from the initial estimates. This approval was reached on Thursday after the presentation of a report by Abubakar Bichi, the chairman of the committee on appropriation. The decision comes after the Senate also [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"The House of Representatives approves a N54.9 trillion budget for the 2025 fiscal year, marking a significant step in Nigeria\u2019s financial planning and awaiting presidential assent.","_seopress_robots_index":"","footnotes":""},"categories":[35],"tags":[],"class_list":["post-7177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/7177"}],"collection":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/comments?post=7177"}],"version-history":[{"count":1,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/7177\/revisions"}],"predecessor-version":[{"id":7181,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/7177\/revisions\/7181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media\/7180"}],"wp:attachment":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media?parent=7177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/categories?post=7177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/tags?post=7177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}