Tinubu To Present 2025 Budget, Tuesday December 17
President Bola Tinubu is set to present the 2025 budget to the National Assembly on Tuesday, December 17, 2024, at the House of Representatives’ chamber, Senate President Godswill Akpabio announced.
President Bola Tinubu will present the 2025 budget to the joint session of the National Assembly on Tuesday, December 17, 2024, the Senate President, Godswill Akpabio, has said.,
Akpabio spoke during plenary session on Thursday, adding that the budget presentation will take place at the House of Representatives’ chamber.
Tinubu had earlier submitted the Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, for 2025-2027 to both the Senate and the House of Representatives last Tuesday.
The Senate Committee on Finance, National Planning, and Economic Affairs has been directed to consider the MTEF/FSP documents and report back within a week, even as the key parameters in the MTEF/FSP include $75 oil price benchmark per barrel, daily oil production of 2.06 million barrels, exchange rate of N1,400 to $1, and a targeted GDP growth rate of 6.4 percent, which would all form the basis for consideration and approval of the proposed N47.9tn 2025 budget.
Tinubu had earlier submitted the Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, for 2025-2027 to both the Senate and the House of Representatives last Tuesday.
The Senate Committee on Finance, National Planning, and Economic Affairs has been directed to consider the MTEF/FSP documents and report back within a week, even as the key parameters in the MTEF/FSP include $75 oil price benchmark per barrel, daily oil production of 2.06 million barrels, exchange rate of N1,400 to $1, and a targeted GDP growth rate of 6.4 percent, which would all form the basis for consideration and approval of the proposed N47.9tn 2025 budget.
What's Your Reaction?
