Tinubu to Present 2025 Budget to National Assembly on Tuesday

Tinubu to Present 2025 Budget to National Assembly on Tuesday

By Fly Cable News

President Bola Tinubu is set to present the 2025 Appropriation Bill to the National Assembly on Tuesday, December 17, 2024.

This announcement was made by Senate President, Godswill Akpabio, during the Senate’s plenary session on Thursday.

The presentation will take place in the House of Representatives Chamber. Earlier, President Tinubu submitted the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025–2027 to both chambers of the National Assembly.

Akpabio has directed the Senate Committees on Finance, National Planning, and Economic Affairs to review the MTEF/FSP documents and report back within a week.

The key parameters in the MTEF/FSP include a $75 oil price benchmark per barrel, daily oil production of 2.06 million barrels, an exchange rate of N1,400 to $1, and a projected GDP growth rate of 6.4%, all of which will guide the proposed N47.9 trillion 2025 budget.