Tinubu arrives National Assembly for 2025 budget presentation
By Kunle Sanni
President Bola Tinubu has arrived at the National Assembly Complex to present the 2025 national budget.
President Tinubu entered the chamber, at about 12:10 in which he would be addressing a joint session of both green and red chamber.
He was accompanied by some government officials. The National Anthem was also taken.
The Federal Executive Council (FEC) approved the N47 trillion budget proposal on Monday.
The proposed budget is predicated on a benchmark oil price of $75 per barrel, oil production of 2.06 million barrels per day, and an exchange rate of ₦1,400 to the dollar.
It also projects total revenue at ₦34.82 trillion, while total expenditure is estimated at ₦47.96 trillion—an increase of 36.8 per cent from the 2024 estimate. The deficit in the proposed 2025 budget is projected at ₦13.13 trillion, representing 3.89 per cent of GDP.
