Tinubu was accompanied by ministers, members of the federal executive council as well as leaders of the All Progressives Congress (APC) to the National Assembly when he presented the 2025 budget to senators of House of Representatives members.
A few weeks prior, the Federal Executive Council approved the budget proposal, totalling N47.9 trillion, with a new borrowing plan of N9.22 trillion. This budget is designed to address key areas such as economic growth, human capital development, poverty reduction, and insecurity.
Tinubu emphasized that the 2025 appropriation will prioritize macroeconomic stability, poverty reduction, and promoting economic stability. He also highlighted the importance of human capital development, acknowledging that this budget is crucial to securing Nigeria’s ambition. The budget allocation includes significant investments in key sectors such as defence and security (N4.91 trillion), infrastructure (N4.6 trillion), health (N2.48 trillion), and education (N3.5 trillion).
The presentation of the budget was a significant event. President Tinubu addressed the National Assembly and outlined his administration’s priorities for the upcoming year. The budget’s focus on human capital development, poverty reduction, and economic stability reflects the government’s commitment to addressing the country’s pressing challenges.
See the details of the report here:
TimesNow.com.ng earlier reported that President Bola Tinubu has been told that the presidential villa is a lonely place and that he may not be aware of the lawmakers’ efforts to support his administration.
Godswill Akpabio, the president of the Senate, made the remark during President Tinubu’s 2025 budget presentation to the joint National Assembly.
Akpabio also praised President Bola Tinubu for the gallant steps he had taken so far and reiterated the National Assembly’s support for the president.
Source: TimesNow.com.ng
