President Tinubu Arrives National Assembly To Present N47.96 Trillion 2025 Budget
President Bola Ahmed Tinubu has arrived at the National Assembly Complex in Abuja to present the 2025 appropriation bill.
The President is expected to present N47.96 trillion budget for the 2025 fiscal year to federal lawmakers as earlier approved by the Federal Executive Council (FEC).
Tinubu arrived the House of Representatives chambers, venue for the presentation in company of ministers, advisers and other top government officials with heavy security presence.
The President had on November 19, 2024, submitted the 2025–2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the National Assembly which was approved ahead of today’s presentation.
The lawmakers approved the framework with an exchange rate of N1,400 to a dollar and adopted the oil prices of $75, $76.2, and $75.3 per barrel for 2025, 2026, and 2027 respectively.
The framework also has daily oil production fixed at 2.06 million, 2.10 million, and 2.35 million barrels for the three years.
Post Disclaimer
All rights reserved. This material and other digital content on this website are not and do not represent the stance of National Periscope but the statements of newsmakers mentioned therein.
For your detailed news reportage... contact the Editor at Joel2oladele@gmail.com
Give Tinubu more time, APC Chairmen appeal to Nigerians JOEL Read more
Tinubu appoints Jega, Olanipekun, others as varsity governing council President Read more
Cross River suspends 31 principals for WAEC exams racketeering Having Read more
Police release embattled LP Chairman, Abure on bail The embattled Read more