In a bold step towards economic transformation, President Bola Tinubu has signed the ₦54.99 trillion 2025 Budget of Restoration into law. This historic budget, nearly doubling the previous year’s allocation, highlights the government’s commitment to economic stability, infrastructure development, and national security.
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Key Allocations in the 2025 Budget
- National Security: ₦6.11 trillion, the highest defense budget in Nigeria’s history, aimed at strengthening security operations.
- Infrastructure Development: ₦5.99 trillion allocated to road, rail, and energy projects to boost connectivity and economic growth.
- Human Capital Development: ₦5.70 trillion for healthcare, education, and skills training to empower Nigerians.
- Agriculture and Food Security: ₦3.73 trillion to enhance local food production and reduce dependence on imports.
- Social Welfare: ₦723.68 billion for youth empowerment, women’s initiatives, and social safety programs.
Economic Growth and Fiscal Responsibility
The budget signing comes amid key economic improvements:
- GDP Growth: Nigeria’s economy rebounded to 3.86% in the last quarter, the highest in three years.
- Revenue Increase: Government earnings surged to ₦21.6 trillion from ₦12.37 trillion, showing improved financial management.
- Deficit Reduction: Fiscal deficit dropped from 6.2% in 2023 to 4.17% in 2025, reflecting better spending control.
- Forex Reforms: New policies have restored investor confidence and stabilized the foreign exchange market.
Tinubu’s Commitment to Economic Stability
President Tinubu emphasized that his administration will avoid reckless borrowing, ensuring that every expenditure aligns with revenue growth. The government plans to boost revenue through tax reforms, investment-friendly policies, and strategic public-private partnerships.
He also commended the National Assembly for swiftly approving the budget and reiterated his administration’s commitment to security, prosperity, and equal opportunities for all Nigerians.
A Path to Prosperity
The 2025 Budget of Restoration sets a clear roadmap for Nigeria’s economic revival. With targeted investments in critical sectors, the Tinubu administration aims to create a stable and thriving economy that benefits all Nigerians. This budget signals a new era of growth, job creation, and national development.
