President Bola Tinubu will present the 2025 budget to the National Assembly on Tuesday, according to Senate President Godswill Akpabio.
Akpabio announced this during the Senate's Thursday session. He stated that the president will present the budget to the joint session of the National Assembly on December 17, 2024.
The presentation will take place at the House of Representatives Chamber.
Earlier, Tinubu submitted the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2025–2027 to both the Senate and the House of Representatives.
Akpabio instructed the Senate Committee on Finance, National Planning, and Economic Affairs to review these documents and report back within a week.
Key points in the documents include a $75 oil price per barrel, daily oil production of 2.06 million barrels, an exchange rate of N1,400 to $1, and a GDP growth target of 6.4%.
These figures will guide the approval of the proposed N47.9 trillion 2025 budget.
0 Comments