President Bola Ahmed Tinubu has signed the ₦54.99 trillion 2025 budget into law, reaffirming his administration’s commitment to economic transformation, empowerment, and resilience.
Speaking after the signing, President Tinubu highlighted the progress made over the past year despite initial economic challenges.
He credited economic discipline and strategic reforms for Nigeria’s recent achievements, including a GDP growth rebound to 3.86 percent and an increase in national revenue to N21.63 trillion.
Tinubu also noted improvements in the foreign exchange market, the reduction of the fiscal deficit from 6.2 percent in 2023 to 4.217 percent, and the rebound of the naira, which he attributed to ongoing forex reforms.
On workers’ welfare, the president reaffirmed that the minimum wage has been raised and that the government is meeting all its financial obligations.
Tinubu praised the National Assembly for its cooperation in reviewing and passing the budget, acknowledging their role in fostering collaboration between the executive and legislative arms of government.
The 2025 budget, themed “Transformation: Empowering People, Building a Resilient Future,” aims to strengthen Nigeria’s economy, rebuild prosperity, and ensure that all citizens benefit from governance.
Bello Wakili
