President Bola Ahmed Tinubu has announced an increase in Nigeria’s 2025 budget proposal, raising it to a record N54 trillion. The revised budget incorporates significant new insertions aimed at bolstering key sectors critical to the country’s economic growth, infrastructure development, and social welfare.
The President made the announcement following the presentation of the amended budget by the Ministry of Finance, which includes enhanced allocations to education, health, agriculture, and security. The new budget reflects the government's ongoing commitment to transformative economic reforms and strategic investments that will foster long-term national prosperity.
“The new proposal underscores our government’s resolve to implement policies that drive sustainable growth while addressing pressing challenges faced by the Nigerian people,” President Tinubu stated. “This revised budget will lay the foundation for a prosperous future, creating jobs, improving public services, and providing the resources necessary to uplift every Nigerian."
Significant portions of the budget have been directed towards the expansion of transportation networks, energy generation, and broadband infrastructure aimed at enhancing Nigeria’s economic competitiveness.
The budget earmarks substantial funding for education, healthcare, and social welfare programs, reflecting the government’s priority of improving the living standards of Nigerians.
The new budget emphasizes sectors poised for growth, including agriculture, technology, and manufacturing, to diversify Nigeria's economy and reduce dependency on oil revenues.
President Tinubu highlighted that the country’s fiscal strategy aims not only to address immediate challenges but also to ensure that the nation's long-term goals are achieved through robust public spending that promotes inclusive growth and development.