President Bola Tinubu has presented Nigeria's 2025 budget to the National Assembly, outlining a proposed expenditure of ₦47.96 trillion.
Nigeria 's President Bola Tinubu has presented the country's 2025 budget to the National Assembly . The proposed budget is predicated on a benchmark oil price of $75 per barrel, oil production of 2.06 million barrels per day, and an exchange rate of ₦1,400 to the dollar. It also projects total revenue at ₦34.82 trillion, while total expenditure is estimated at ₦47.96 trillion—an increase of 36.8 per cent from the 2024 estimate. The deficit in the proposed 2025 budget is projected at ₦13.
13 trillion, representing 3.89 per cent of GDP
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Security Tightened at National Assembly Ahead of Tinubu's 2025 Budget PresentationSecurity has been heightened at the National Assembly Complex in anticipation of President Bola Ahmed Tinubu's presentation of the 2025 Appropriation Bill to a joint session of the National Assembly. The event, originally scheduled for Tuesday, December 17th, has been moved to Wednesday, December 18th. All non-essential personnel, including business operators and visitors, have been advised to stay away from the complex until after the budget presentation.
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President Tinubu to Present 2025 Budget Proposal to National AssemblyPresident Bola Tinubu will present the 2025 budget proposal to a joint session of the National Assembly on Wednesday. The Secretary of Research and Information at the National Assembly, Dr Ali Barde Umoru, confirmed the presentation. The budget, which is set to be N47.9 trillion, includes new borrowings of N9 trillion.
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Tinubu Presents N47.96 Trillion 2025 Budget to National AssemblyPresident Bola Tinubu presented the proposed N47.96 trillion 2025 budget to a joint session of the Nigerian National Assembly. This represents a significant 36.8% increase from the 2024 budget. The presentation followed the approval of the budget by the Federal Executive Council (FEC). Key details of the 2025-2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), including oil benchmark prices and GDP growth projections, were also previously approved by the National Assembly.
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President Tinubu Submits 2025 Budget Proposal to National Assembly for ApprovalA Trusted Nigerian Newspaper
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UPDATED: Tinubu presents 2025 budget to NASS on TuesdayPresident Tinubu will present the budget to a joint session of the National Assembly to be held in the House of Representatives chamber.
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Tinubu postpones N47.9trn 2025 budget presentation to WednesdayPresident Bola Tinubu postponed the presentation of the N47.9 trillion 2025 budget to the national assembly from Tuesday to Wednesday.
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