The 1994–95 Argentine Primera B Nacional was the ninth season of second division professional of football in Argentina.
A total of 22 teams competed; the champion and runner-up were promoted to Argentine Primera División.
The Second Promotion Playoff or Torneo Reducido was played by the teams placed 2nd to 8th in the overall standings: Atlético de Rafaela (2nd), Colón (3rd), Godoy Cruz (4th), San Martín (T) (5th), Gimnasia y Tiro (6th), Quilmes (7th) and All Boys (8th), and the champion of Primera B Metropolitana: Atlanta.
Note: Colón won 4–1 on aggregate and promoted to Primera División.
Note: Clubs with indirect affiliation with AFA are relegated to their respective league of his province according to the Argentine football league system, while clubs directly affiliated face relegation to Primera B Metropolitana.