The National Assembly yesterday approved the revised Appropriation Acts of N43.5 trillion and N48.316 trillion for the 2024 and 2025 fiscal years.
It also slated President Bola Ahmed Tinubu’s N58.47 trillion 2026 budget for second reading in the Senate. The approvals followed the passage of the Appropriation (Repeal and Re-enactment) Bills for 2024 and 2025 by both chambers of the legislature.
The lawmakers described the move as a major effort to restore fiscal discipline, eliminate overlapping budget cycles, and align public spending with current economic realities. In the Senate, the resolutions were reached after the adoption of a consolidated report by the Senate Committee on Appropriations, presented at plenary by its Chairman, Solomon Adeola (APC, Ogun West).
The report followed a request by President Tinubu, conveyed in a letter read by Senate President Godswill Akpabio on December 19, 2025, seeking legislative approval to repeal and re-enact aspects of the 2024 and 2025 budgets.
Presenting the report, Adeola explained that the 2024 Appropriation Act was repealed from its original N35.005 trillion and re-enacted at N43.561 trillion to reflect additional security, humanitarian and economic intervention needs.
