BREAKING: Tinubu Postpones 2025 Budget Presentation, Details Emerge
- The N47.9tn budget presentation for the year 2025 will no longer hold on Tuesday, December 17 at a joint session of the National Assembly
- President Bola Ahmed Tinubu will now present the N47.9tn 2025 budget on Wednesday, December 18
- Tinubu previously submitted the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025-2027
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Legit.ng journalist Adekunle Dada has over 7 years of experience covering metro, government policy, and international events
FCT, Abuja - President Bola Ahmed Tinubu has shifted the N47.9tn 2025 budget presentation to the joint session of the National Assembly to Wednesday, December 18.
Legit.ng recalls that Senate President, Godswill Akpabio, during a plenary session on Thursday, 12 December announced that President Tinubu was to present the 2025 national budget on Tuesday, December 17.
Source: Facebook
Akpabio disclosed that the 2025 budget presentation will take place in the House of Representatives chamber.
Tinubu previously submitted the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025-2027.
“The president has made his intention known to the National Assembly to present the 2025 budget to the joint Assembly of the National Assembly on the 17th of December, 2024.”
According to The Punch, a top management staff of the National Assembly said an official statement on the postponement should be issued within the next few hours.
Legit.ng reported that the Nigerian government set a targeted naira against the dollar exchange rate expected in 2025.
The rate is contained in the 2025 Budget Proposal that has been approved by the Federal Executive Council (FEC).
Expert has reacted to the exchange rate projection captured in the budget, describing it as very unrealistic.
Tinubu proposes N47.9trn 2025 budget
Legit.ng earlier reported that President Tinubu-led federal government proposed a N47.9 trillion budget for 2025 as the year 2024 gets closer to the end.
The 2025 budget was proposed at the FEC meeting on Thursday, November 14, which was presided over by President Tinubu.
The budget is expected to shape the economic trajectory of the country as many Nigerians look forward to a relieve.
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Source: Legit.ng
