The Nigeria’s President Bola Tinubu on Wednesday presented a budget of N47.9 trillion for the 2025 fiscal year to the National Assembly, appropriation designed to address economic growth, human capital development, poverty reduction and insecurity.
Penpushing reports that Tinubu made the presentation of the budget christened ‘The Restoration Budget’. to the joint session of the National Assembly held at the House of Representatives chamber in Abuja, Federal Capital Territory (FCT)
The President presenting the budget said it will seek to ensure macroeconomic stability, poverty reduction, promoting economic stability and developing human capital development, emphasizing that it is necessary to secure Nigeria’s ambition.
Penpushing further reports that it is recalled that the two chambers of the National Senate, a few weeks ago approved the 2025-2027 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) with a total spending of N47.9 trillion and a new borrowing plan of N9.22 trillion, constituting domestic and foreign borrowings.
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