- President Bola Tinubu unveiled Nigeria’s 2025 budget, a N47.9 trillion proposal with a significant N13 trillion deficit
- Debt servicing dominates the budget, with N15.81 trillion allocated, while Defence and Security lead sectoral allocations at N4.91 trillion
- Tinubu projects inflation reduction from 34.3% to 15% and adjusts the exchange rate to N1,400/$ in a bid to stabilize the economy
Abuja, Nigeria – President Bola Ahmed Tinubu on Wednesday presented the 2025 Appropriation Bill, a record N47.9 trillion budget, to a joint session of the National Assembly.
The President highlighted key allocations and fiscal projections in a speech that underscored the government’s priorities amid significant economic challenges.
A total of N15.81 trillion, nearly a third of the proposed budget, has been earmarked for debt servicing, reflecting the mounting pressure of Nigeria’s public debt.
The budget also …