Tinubu Prepares To Present 2025 Budget Amid Economic Reforms In December

Tinubu Prepares To Present 2025 Budget Amid Economic Reforms In December

There are strong indications that President Bola Tinubu may present the 2025 budget to a joint session of the National Assembly in early December. Senator Sani Musa, Chairman of the Senate Committee on Finance, emphasized that the timing of the budget presentation is fully at the discretion of the executive branch, headed by President Tinubu..…….CONTINUE READING 

Speaking over the weekend, Senator Musa noted that while the Senate Committee on Finance recently met with key economic leaders, including the Minister of Finance and the CEO of the Nigerian National Petroleum Corporation Limited (NNPCL), the decision on when the 2025 budget will be ready is up to the executive.

In the past, during the 9th National Assembly under former President Muhammadu Buhari, budgets for upcoming fiscal years were typically presented in early October following the review of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). However, Tinubu’s presentation of the 2024 budget on November 29, 2023, led to a delayed legislative passage.

Both Senator Musa and Finance Minister Wale Edun assured Nigerians that positive indicators are emerging from current economic reforms, with tangible economic improvements anticipated over the next 16 to 18 months.