Wednesday, December 18, 2024

President Tinubu presents N47.9 Trillion 2025 budget to NASS

President Bola Tinubu on Wednesday presented a N47.9 trillion budget for the 2025 fiscal year to a joint session of the National Assembly at the House of Representatives chamber. 

Dubbed The Restoration Budget, it aligns with the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) recently approved by the National Assembly, which includes a total spending of N47.9 trillion and a borrowing plan of N9.22 trillion. 

 Tinubu emphasized that the budget is aimed at fostering economic growth, reducing poverty, addressing insecurity, and enhancing human capital development.

 He highlighted its focus on macroeconomic stability and achieving Nigeria’s long-term ambitions.

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