On 18 December 2024, the President presented the 2025 Budget - a record N49.74 trillion, a 41.9% increase from the previous year, dubbed 'The Restoration Budget: Securing Peace, Rebuilding Prosperity'.
The Budget prioritises:
⁃ Defence & Security: N4.91 trillion
⁃ Infrastructure: N4.06 trillion
⁃ Education: N3.5 trillion
⁃ Health: N2.4 trillion
With a projected deficit of N13.39 trillion, funding will be sourced from:
⁃ Debt (69%)
⁃ Loans (28%)
⁃ Asset sales (2%)
The Budget will consolidate on key reforms such as the new minimum wage, duty-free food imports, and tax updates.
Please find below an infographic presenting a detailed analysis and overview of the 2025 Budget proposal, including its key assumptions