Tag: 2025 budget
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2025 Budget Scales Second Reading
The National Assembly has passed President Bola Tinubu’s proposed N49.7 trillion budget for 2025 through its second reading Thursday, following heated debates in both the Senate and House of Representatives chambers. The budget, presented to a joint legislative session Wednesday, sparked divided opinions among lawmakers. Majority leader Julius Ihonvbere backed the proposal, stating it would…
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PDP Rejects Tinubu’s N47.9trn 2025 Budget Proposal
The Peoples Democratic Party (PDP) has rejected President Bola Tinubu’s proposed N47.9 trillion 2025 federal budget, calling it “hopeless, shady, and disingenuous.” In a press statement, National Publicity Secretary Debo Ologunagba stated the budget lacks investment in critical sectors including agriculture, electricity, petroleum, and Small and Medium Scale Enterprises (SMEs). “The 2025 budget as proposed…
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Budget Overview: Tinubu Presents N47.9 Trillion 2025 Budget
President Bola Tinubu presented the 2025 “Budget of Restoration: Securing Peace and Rebuilding Prosperity” to the national assembly, emphasizing a collective approach to transforming Nigeria’s economic and social landscape. Fiscal Framework and Economic Projections The proposed budget aims to achieve a fiscal deficit of 3.89% of GDP, with projected revenues of N34.82 trillion. Key economic…
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FULL SPEECH: Tinubu Presents 2025 Budget
PROTOCOLS: — The Vice President, Senator Kashim Shettima — Senate President, Distinguished Senator Godswill Akpabio — Right Honourable Speaker, Tajudeen Abbas — National Chairman of our great party, Excellency, Abdullahi Umar Ganduje — State Governors here present — Distinguished Leaders and Members of the National Assembly — Senior Government Officials here present — Gentlemen of…
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Sanwo-Olu Presents Record N3trn Budget for 2025 Fiscal Year
Lagos State Governor Babajide Sanwo-Olu has presented an ambitious 3 trillion naira budget proposal to the State House of Assembly for the 2025 fiscal year, marking a 32.5 percent increase from the current year’s 2.3 trillion naira budget. The proposal, dubbed the “Budget of Sustainability,” demonstrates the state’s commitment to economic growth and infrastructure development.…