President Tinubu Postpones 2025 Budget Presentation To Wednesday – The Reflector Newspaper
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President Tinubu Postpones 2025 Budget Presentation To Wednesday

Racheal Oloyede by Racheal Oloyede
December 16, 2024
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ABUJA – The presentation of the N47.9 trillion 2025 budget by President Bola Tinubu, initially scheduled for Tuesday, December 17, 2024, has been postponed to Wednesday, December 18, 2024.

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Sources within the Senate revealed that the shift was confirmed by a top management staff of the National Assembly. An official statement regarding the postponement is expected to be issued in the coming hours.

Earlier, during a meeting a month ago, the Federal Executive Council (FEC) approved Nigeria’s 2025-2027 Medium-Term Expenditure Framework (MTEF), which includes the N47.9 trillion budget for 2025. The plan anticipates ₦9.22 trillion in new borrowing to finance the budget deficit, with an oil price benchmark of $75 per barrel, a daily production target of 2.06 million barrels, and an exchange rate of ₦1,400 to the dollar.

 

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