Tinubu to Present 2025 Budget: What to Expect on December 17

2025 Budget Unveiled: Key Highlights from Tinubu’s December 17 Presentation

President Bola Ahmed Tinubu is set to present Nigeria’s 2025 national budget to the National Assembly on Tuesday, December 17, 2024.

The proposed budget is estimated at approximately ₦47.9 trillion, a record figure reflecting the administration’s focus on critical sectors like infrastructure, social investment, and economic reforms.

Key highlights of the budget are based on the 2025–2027 Medium-Term Expenditure Framework (MTEF), which includes:

• Oil Price Benchmark: $75 per barrel.
• Oil Production Target: 2.06 million barrels per day.
• Exchange Rate Projection: ₦1,400 to $1.
• GDP Growth Rates: Projected at 6.4% for 2025.
• Revenue Goals: Emphasis on boosting revenue through increased taxation efficiency and economic diversification.

The budget’s foundation reflects the administration’s drive to balance fiscal responsibility with socio-economic transformation, amid challenges such as inflation and a high debt-to-GDP ratio.

The National Assembly has already approved the MTEF, paving the way for deliberations on the budget presentation.