President Bola Ahmed Tinubu has assured Nigerians that the newly signed ₦54.99 trillion 2025 budget will drive economic growth, strengthen national resilience, and support long-term development.
Speaking at a brief signing ceremony at the Presidential Villa in Abuja, Tinubu stated that the budget aligns with his administration’s commitment to sustainable economic progress. He acknowledged the challenges of the past year but credited disciplined fiscal policies and strategic reforms for the country’s economic stability.
The president highlighted key economic improvements, including GDP growth rebounding to 3.86%, national revenue increasing to ₦21.63 trillion, and the budget deficit reducing from 6.2% in 2023 to 4.217%. He also pointed to the recovery of the naira, attributing it to ongoing foreign exchange reforms.
On social welfare, Tinubu reaffirmed his administration’s commitment to meeting financial obligations, citing the recent national minimum wage increase.
Expressing gratitude to the National Assembly, he commended lawmakers for their collaboration in shaping policies that foster economic progress.
With Senate President Godswill Akpabio and other top legislators in attendance, the budget’s signing underscored the strong cooperation between Nigeria’s executive and legislative branches in shaping the nation’s economic future.
