Tinubu To Present 2025 Budget On Tuesday

Tinubu To Present 2025 Budget On Tuesday

Bola Tinubu will present the 2025 Appropriation Bill to the National Assembly on December 17, 2024, according to Senate President Godswill Akpabio. The presentation will take place at the House of Representatives Chamber…READ MORE…

Tinubu had previously submitted the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2025-2027 to both the Senate and House of Representatives last Tuesday. The documents outline key parameters for the proposed 2025 budget, including a $75 oil price benchmark per barrel, daily oil production of 2.06 million barrels, an exchange rate of N1,400 to $1, and a targeted GDP growth rate of 6.4%.

Akpabio directed the Senate Committee on Finance, National Planning, and Economic Affairs to consider the MTEF/FSP documents and report within one week. The proposed budget has a total size of N47.9 trillion.

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