Daniel Bwala, Special Adviser to President Tinubu on Policy Communication, has released a breakdown of the 2025 Budget of Restoration presented at the Joint Session of the Nigerian National Assembly by President Asiwaju Bola Ahmed Tinubu.
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| Daniel Bwala |
He said, “the 2025 Budget is designed to address poverty”, adding, “Renewed Hope is truly here!”
According to Bwala: “The 2025 budget by
@officialABAT is designed to address poverty; here is the breakdown of the budget
Budget Overview
– Revenue Target: 34.82 trillion naira
– Government Expenditure: 47.90 trillion naira (including 15.81 trillion naira for debt servicing)
– Budget Deficit: 13.08 trillion naira (3.89% of GDP)
Key Priorities and Allocations
– Defence and Security: 4.91 trillion naira
– Infrastructure: 4.06 trillion naira
– Health: 2.48 trillion naira
– Education: 3.52 trillion naira
Economic Projections
– Inflation Rate: Expected to decline from 34.6% to 15% in 2025
– Exchange Rate: Expected to improve from approximately 1,700 naira per US dollar to 1,500 naira
– Crude Oil Production: Assumed to be 2.06 million barrels per day (mbpd)
Revitalizing Agriculture:
Increasing agricultural production is central to our food security agenda, but insecurity has crippled this vital sector. We are supporting our farmers with funding and inputs to reignite productivity. Food security is non-negotiable. In this regard, we are taking bold steps to ensure that every Nigerian can feed conveniently, and none of our citizens will have to go to bed hungry.
Developmental Objectives
– Restore macroeconomic stability
– Enhance the business environment
– Foster inclusive growth, employment, and poverty reduction
– Promote equitable income distribution and human capital development
The Renewed Hope is truly here. Here we come, 2025!”
The 2025 budget by @officialABAT is designed to address poverty; here is the breakdown of the budget
Budget Overview
– Revenue Target: 34.82 trillion naira
– Government Expenditure: 47.90 trillion naira (including 15.81 trillion naira for debt servicing)
– Budget Deficit: 13.08… pic.twitter.com/UXBDGbtK3l— D. H Bwala (@BwalaDaniel) December 18, 2024
