The National Assembly has rescinded its decisions on the 2025 budget bill that was passed last week to correct some errors in line items under capital and recurrent.
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According to report, that both the Senate and the House of Representatives passed the bill on Thursday February 13.
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However, while the budget size remains at 54.9 trillion naira, the capital expenditure has been reduced by more than 500 billion naira and the recurrent expenditure was increased by same amount.
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According to NTA, the bill now puts recurrent expenditure at 13.588 trillion naira while the capital expenditure is 23.439 trillion naira.
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The budget had triggered mixed reactions with some persons arguing that it would lead to more inflation.
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