From Abba Dukawa, Abuja
President Bola Tinubu will present the 2025 budget, totaling N47.9 trillion, to the joint session of the National Assembly on Tuesday, December 17, 2024.
The announcement was made by Senate President Godswill Akpabio at the close of Thursday’s plenary.
Earlier, Budget and Economic Planning Minister Senator Atiku Bagudu outlined key details of the proposed budget.
Ahead of the presentation, both chambers of the National Assembly passed the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), which include critical parameters such as an oil benchmark of $75 per barrel, 2.06 million barrels of crude oil production per day, and an exchange rate of N1,400 to $1.8