9 Key Takeaways You Need to Know About Nigeria's 2025 Budget as Presented by President Tinubu
- The 2025 Budget, titled "Budget of Restoration: Securing Peace, Rebuilding Prosperity," aligns with the Tinubu-led administration Agenda, focusing on economic stability and national development.
- Key allocations include N4.91 trillion for defense and security, N4.06 trillion for infrastructure, and N3.52 trillion for education
- Additionally, the budget supports agricultural production to ensure food security and includes significant investments in healthcare and social services
The 2025 Budget, titled "Budget of Restoration: Securing Peace, Rebuilding Prosperity," as presented focused on stabilizing the economy, improve the lives of Nigerians, and reposition the country for greater performance.
Here are the key highlights of the budget as presented by President Bola Ahmed Tinubu:
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Alignment with Tinubu Agenda
The budget aligns with the administration's Renewed Hope Agenda, focusing on economic stability and national development at a crucial point in Nigeria's trajectory.
Continued Economic Reforms
President Tinubu emphasized the importance of continuing economic renewal and institutional development that began 18 months ago, despite acknowledging the difficulties and sacrifices involved.
Strategic Priorities
The budget appeared to focus on restructuring the economy, boost human capital development, increase trade and investments, enhance oil and gas production, and revitalize the manufacturing sector.
Economic Progress
According to pundits, the Nigerian economy has shown positive responses to stimulus measures, with improvements in revenue collection, economic growth, and foreign reserves over the past 18 months.
Budget Targets
The 2025 budget targets 34.82 trillion naira in revenue and 47.90 trillion naira in government expenditure, focusing on restoring macroeconomic stability, enhancing the business environment, fostering inclusive growth, and promoting human capital development.
Budget Allocations
- Defence and Security: N4.91 trillion
- Infrastructure: N4.06 trillion
- Health: N2.48 trillion
- Education: N3.52 trillion
Increased Security Funding
Significant funding increases have been made for the military, paramilitary, and police forces to secure the nation, protect borders, and consolidate government control, with a focus on boosting morale and providing modern tools and technology.
Record Investments in Education and Healthcare
The 2025 Budget includes record investments in education, healthcare, and social services, with 826.90 billion naira for educational infrastructure and 402 billion naira for health sector infrastructure to strengthen primary healthcare systems and improve access.
Support for Agriculture
The budget supports farmers with funding and inputs to increase agricultural production, central to the food security agenda, ensuring that every Nigerian can feed conveniently and no citizen goes to bed hungry.
Tinubu Addresses NASS Lawmakers
Previously, Legit.ng reported that President Bola Ahmed Tinubu mistakenly referred to the 10th Senate as the 11th during the 2025 budget presentation on Wednesday, December 18.
After he was reminded that lawmakers were the 10th National Assembly, President Tinubu responded humorously, “10th? I wrote 11th, which means you’re all re-elected.”
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Source: Legit.ng
