Tinubu’s ₦47.9 Trillion 2025 Budget Prioritizes Security, Infrastructure, and Education

December 18, 2024

2 minutes read

budget

President Bola Ahmed Tinubu has unveiled the 2025 budget proposal of ₦47.9 trillion, emphasizing strategic investments in security, infrastructure, and education to drive Nigeria’s development. The budget was presented at the National Assembly amidst heightened security and legislative support.

The proposal allocates ₦4.9 trillion to defense and security, highlighting the administration’s commitment to tackling insecurity. Infrastructure development received ₦4.06 trillion, with plans to accelerate ongoing projects and invest in new ones, particularly in transportation and energy. Education also remains a key focus, as the government aims to improve access and quality through enhanced funding.

Speaking at the presentation, Tinubu reiterated his administration’s “Renewed Hope” agenda, underscoring the need for fiscal reforms to stabilize the economy and address the country’s growing challenges. “This budget reflects our determination to secure Nigeria’s future, create opportunities, and foster inclusive growth,” he stated.

The Federal Executive Council’s endorsement of the budget earlier in December included a ₦13 trillion deficit, which will be financed through domestic and external borrowing. The Finance Minister, Wale Edun, justified the borrowing as necessary to sustain critical developmental programs.

During the presentation, Senate President Godswill Akpabio reaffirmed the legislature’s support for Tinubu’s administration, dismissing criticisms of recently proposed tax reforms. Akpabio argued that these reforms are essential to achieving economic stability and addressing the nation’s revenue shortfall. “Critics of the tax bills fail to understand the broader goals of these reforms,” he said.

Members of the National Assembly expressed optimism about the budget, pledging their commitment to fast-track its review and approval. Legislators from both chambers highlighted its focus on security, youth empowerment, and job creation as central to Nigeria’s progress.

The ₦47.9 trillion budget reflects Tinubu’s focus on laying a foundation for sustainable growth while addressing immediate social and economic challenges. Observers believe its success will depend on timely implementation and strict oversight.

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

alausa

Nigeria’s 2025 Curriculum Reform: New Subjects Unveiled

The Federal Government, through the Nigerian Educational Research and Development Council (NERDC), released the approved ...

sports

South Africa vs. Nigeria: 2026 World Cup Qualifier Showdown

On September 9, 2025, South Africa’s Bafana Bafana face Nigeria’s Super Eagles in a pivotal ...

Volodymyr Zelensk

Russian Airstrike Kills 24 Elderly in Ukraine’s Yarova

On September 9, 2025, a Russian airstrike hit Yarova, a village in Ukraine’s Donetsk region, ...

digital-nomad-visa

Top 10 Digital Nomad Visa Countries for 2025

As remote work continues to thrive, digital nomad visas offer professionals the chance to live ...

Latest News

Today in History

September 9th is the day in 2010 that a natural gas pipeline explosion in San Bruno, California, creates a "wall of fire" more than 1,000 feet (300 m) high.

Exchange Rate Per Dollar

AM Armenian Dram382.95
GH Ghana Cedi12.11
GM Gambian Dalasi72.5
GN Guinea Franc8,660
NG Nigerian Naira₦1,507.49
CF CFA Franc BEAC559.7254
09 Sep · CurrencyRate · USD
CurrencyRate.Today
Check: 09 Sep 2025 17:05 UTC
Latest change: 09 Sep 2025 17:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?