The Federal Government says execution of the 2025 national budget will begin at the end of September, as the current fiscal year winds down. The announcement came from Budget Office Director-General Tanimu Yakubu at a citizens’ engagement forum in Abuja.
The ₦54.99 trillion spending plan, described as a ‘Budget of Restoration,’ is aimed at stimulating growth, improving services, and drawing investment into key sectors. Mr. Yakubu said transparency and citizen participation will be central to its delivery, with measures including simplified budget documents and translations into local languages.
Also Read: Nigeria Inflation Slows, Eyes on September Rate Decision
He highlighted challenges around oil revenues, debt servicing, and project financing but stressed that reforms in taxation, fiscal discipline, and innovation partnerships would strengthen the economy. The government is also banking on grassroots development programmes and international collaborations to support its ambition of becoming a $1 trillion economy by 2030.
Leave feedback about this
You must be logged in to post a comment.