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N’Assembly raises recurrent vote, cuts N500bn from capital spending

JEO report by JEO report
February 19, 2025
in News
0
N’Assembly raises recurrent vote, cuts N500bn from capital spending
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The National Assembly, on Tuesday, reviewed the 2025 budget, which was passed last week, reducing the capital expenditure component while raise the recurrent expenditure.

The lawmakers said the review became necessary following some errors in the passed budget.

Although the budget size remains N54.99tn, the capital expenditure was reduced by more than N500bn while the recurrent expenditure was increased by the same amount.

At plenary sessions on Tuesday, both the Senate and the House of Representatives effected corrections in the figures earlier passed for some of the ministries, departments and agencies, with some increasing, while others had a downward review.

JEO report

JEO report

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