In a bold move to revitalize Nigeria’s economy, President Bola Tinubu presented the 2025 budget proposal, themed “Budget of Restoration: Securing Peace, Rebuilding Prosperity.”
This comprehensive plan aims to consolidate key policies, restructure the economy, and boost human capital development.
According to President Tinubu, “A time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes. It is a time for EVERY NIGERIAN to look hopefully towards a brighter future because a new day has dawned for us as a nation.”
Key Highlights of the 2025 Budget Proposal
– Revenue Target: ₦34.82 trillion to fund the budget
– Expenditure: ₦47.90 trillion, including ₦15.81 trillion for debt servicing
– Budget Deficit: ₦13.08 trillion, or 3.89% of GDP
– Inflation Projection: 15% decline from the current rate of 34.6%
– Exchange Rate: Improvement from approximately 1,700 naira per US dollar to 1,500 naira
Sectoral Allocations
– Defence and Security: ₦4.91 trillion
– Infrastructure: ₦4.06 trillion
– Health: ₦2.48 trillion
– Education: ₦3.52 trillion
President Bola Ahmed Tinubu statement reads
“This is a time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes. It is a time for EVERY NIGERIAN to look hopefully towards a brighter future because a new day has dawned for us as a nation.”
“As your President, I remain committed and resolute to continue to lead the charge”.
“This 2025 budget proposal lays the foundation for peace, prosperity, and much needed hope. It is the plan through which a Nigeria where every citizen can dream, work, and thrive in safety can be achieved”.
President Tinubu emphasized that this budget proposal lays the foundation for peace, prosperity, and hope. He remains committed to leading the charge towards a brighter future for Nigeria.
As he aptly put it, “This 2025 budget proposal is the plan through which a Nigeria where every citizen can dream, work, and thrive in safety can be achieved.”
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