Tag: 2025 Budget

2025 Budget Will Trigger Prosperity In Nigeria – Says President Tinubu

Richard
2025 Budget Will Trigger Prosperity In Nigeria - Says President Tinubu

President Bola Ahmed Tinubu addressed a joint session of the National Assembly on Wednesday, unveiling a national budget of N47.96 trillion for the year 2025. During his presentation, President Tinubu articulated that this budget was crafted with careful consideration of the current economic landscape and has the potential to foster prosperity in Nigeria in 2025, provided it is executed effectively. He noted that the budget aims to build upon the essential policies established by the Federal Government. Tinubu acknowledged the resilience demonstrated by Nigerians amidst economic difficulties, expressing confidence that…

BREAKING: 2024 Budget To Be Extended By 6 Months

Richard
BREAKING: 2024 Budget To Be Extended By 6 Months

Senator Godswill Akpabio, the President of the Senate, has announced that the duration of the current 2024 budget will be extended until June 25, 2025. He made this statement during his opening remarks at the presentation of the 2025 Appropriation Bill by President Bola Tinubu to a joint session of the National Assembly on Wednesday. Senator Akpabio highlighted that the performance of the 2024 budget showed a 50% achievement in Capital Expenditure and 48% in the Recurrent component, indicating a significant shortfall of 50% in the overall execution of the…

FEC Approves N47.9 Trillion 2025 Budget, Set New Oil Price Benchmark

Richard

The Federal Executive Council (FEC) has granted final approval for the 2025 budget, which is set to be presented by President Bola Tinubu. Following the FEC meeting led by President Tinubu at the Presidential Villa on Monday, the Minister of Budget and Economic Planning, Atiku Bagudu, informed State House correspondents that the total expenditure for 2025 is estimated at forty-seven trillion, nine hundred and sixty billion naira, reflecting a 36.8 percent increase from the 2024 projection. He indicated that the 2025 Appropriation Bill is based on an oil price benchmark…

BREAKING: President Tinubu Postpone 2025 Budget Presentation

Richard
BREAKING: President Tinubu Postpone 2025 Budget Presentation

The presentation of the N47.9 trillion 2025 budget to the joint session of the National Assembly by President Bola Tinubu, originally scheduled for Tuesday, December 17, has been rescheduled to Wednesday, December 18. It is worth noting that the Senate has reliably learned from senior officials within the National Assembly. According to the insider, an official announcement regarding the postponement is expected to be released in the coming hours. During the Thursday plenary session, Senate President Godswill Akpabio had previously stated that President Tinubu would deliver the 2025 budget on…