President Bola Tinubu has asked the National Assembly to consider and pass the Appropriation, Repeal and Re-enactment Bill 2 of 2024.
The bill which was conveyed in separate letters to the Senate and the House of Representatives on Wednesday involves a total proposed expenditure of N43.56 trillion is to be passed for the 2025 fiscal year.
The letter was read at the senate plenary by the Senate President, Godswill Akpabio.
A corresponding letter with Reference No: PRES/134-1/17/HR/ARRENB, dated December 16, 2025 and titled “Transmission of the Appropriation (Repeal and Re-enactment) Bill, 2024–2025”, was addressed to the Speaker of the House, Abbas Tajudeen.
In the letter, the president said the bill was submitted in line with established constitutional and legislative appropriation processes, adding that it seeks “authorisation for the issuance of N43,561,041,744,507 from the Consolidated Revenue Fund of the Federation for the year ending December 31, 2025.”
Tinubu said the proposed expenditure includes N1tn for statutory transfers, N8.2tn for debt servicing, N11.2tn for recurrent non-debt expenditure, and N22.2tn for capital expenditure and development fund contribution.
In the letter addressed to the House, the president specified the breakdown as “N1.74tn for Statutory Transfers, N8.27tn for debt service, N4.11tn for recurrent (non-debt) expenditure, and N22.28tn for capital expenditure/development fund contribution.”
Tinubu added that the proposed legislation is aimed at “ending the practice of running multiple budgets, while ensuring improved capital performance for both the 2024 and 2025 capital budgets.”
He stated, “This bill is to bring an end to the practice of running multiple budgets concurrently, while at the same time ensuring reasonable – indeed unprecedentedly high – capital performance rates on the 2024 and 2025 capital budgets.”
He added that the bill would also provide “a transparent and constitutionally grounded appropriation framework for consolidating critical and time-sensitive expenditures undertaken in response to emergency situations.”
He added, “It further provides, through a transparent and constitutionally grounded appropriation mechanism, for the orderly consolidation and appropriation of critical, time-sensitive expenditures necessarily undertaken in response to emergency exigencies (advancing the collective well-being of Nigerians and safeguarding national security) – while reinforcing fiscal discipline, accountability, and prudent public financial management.”
“The bill would advance the collective well-being of Nigerians, safeguard national security, and reinforce fiscal discipline, accountability, and broader public financial management,” the President noted.
The letter to the House elaborated, “The House of Representatives may wish to note that the bill also strengthens implementation discipline and accountability by, among other provisions: requiring that appropriated funds are released and applied strictly for the purposes specified in the Schedules; providing that virement may only be effected with prior approval of the National Assembly; setting out conditions for corrigenda where genuine errors may hinder implementation; requiring separate recording of excess revenue and limiting its expenditure to an Act or approval of the National Assembly; and mandating due-process compliance and periodic reporting on releases and agency revenues/assistance.”
Tinubu urged both chambers to give the bill expedited consideration.
Responding in the senate, Akpabio said the President’s letter had been referred to the Senate Secretariat to take the necessary legislative steps.
In the House of Representatives, after the letter was read at plenary, the Deputy Speaker, Benjamin Kalu, who presided over the session, ruled that the communication be taken as First Reading and directed the Majority Leader, Prof Julius Ihonvbere, to move that the bill be scheduled for Second Reading.
However, several lawmakers objected the move insisting that copies of the letter and the bill should first be circulated to members for proper study before further legislative action.
The Deputy Speaker gave no ears to the protest and referred the bill to the House Committee on Appropriations for further legislative consideration following the secondment of the motion.
