President Tinubu To Present 2025 Budget Tuesday
President Bola Ahmed Tinubu will on Tuesday, December 17, 2024, present the 2025 budget to the joint assembly of the National Assembly.
This was announced by the Senate President, Godswill Akpabio, during a plenary session on Thursday.
Akpabio announced that the budget presentation will take place in the House of Representatives’ chamber.
President Tinubu had earlier submitted the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2025-2027 to both the Senate and the House of Representatives last Tuesday.
The Senate Committee on Finance, National Planning, and Economic Affairs has been directed to consider the MTEF/FSP documents and report within one week.
Key parameters in the MTEF/FSP include a $75 oil price benchmark per barrel, daily oil production of 2.06 million barrels, an exchange rate of N1,400 to $1, and a targeted GDP growth rate of 6.4%.
These figures form the basis for consideration and approval of the proposed N47.9tn 2025 budget.
