President Bola Ahmed Tinubu has presented the 2025 budget proposal to the National Assembly, marking a pivotal step in his administration’s efforts to stabilize and transform Nigeria’s economy.
Dubbed “The Budget of Restoration: Securing Peace, Rebuilding Prosperity,” the plan lays out strategic investments to tackle economic challenges and rebuild critical sectors.
The proposed N47.90 trillion expenditure includes key allocations for defense, infrastructure, education, and healthcare.
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Tinubu emphasized bolstering security, improving infrastructure, and fostering self-sufficiency in agriculture. Revenue projections stand at N34.82 trillion, while the budget deficit is pegged at N13.08 trillion.
The president highlighted significant milestones achieved under the 2024 budget, such as a 3.46% economic growth rate in Q3 and robust foreign reserves nearing $42 billion.
For 2025, the focus shifts to reducing inflation, enhancing trade, and driving industrial output.
With plans to reduce dependency on food and oil imports while boosting exports, Tinubu assured Nigerians of a brighter future, calling for collective action to overcome challenges and build a more prosperous nation.
