President Bola Tinubu’s 2025 budget, initially proposed at N49.7 trillion, was increased to N54.9 trillion following additional revenue from key government agencies. The National Assembly approved the budget on February 13, 2025, with allocations covering debt servicing, recurrent expenses, and capital projects.
Economic experts and analysts have expressed divided opinions. Some argue that the additional revenue should have been used to fully implement the 2024 budget, while others warn of potential inflation risks. Business leaders stress the need for infrastructure-focused spending to drive economic growth.
Critics believe the budget increase is more of a political move than an economic necessity, urging the government to ensure proper execution to prevent economic strain. The success of the budget will depend on its implementation and its impact on Nigeria’s economy.
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