The federal government has proposed the sum of N47.9 trillion as budget proposal for the 2025 fiscal year.

Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this to State House correspondents on Thursday, after the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu in Abuja.

Bagudu also disclosed that the Council approved the Medium Term Expenditure Framework (MTEF) for 2025-2027.

He said the government pegged the crude oil benchmark at $75 per barrel and oil production at 2.06 million barrels.

FEC also pegged the exchange rate at N1,400 to a US dollar while the government also targets 6.4 percent Gross Domestic Product (GDP) growth.

God1000:
N47.9trn was big money before, but it's nothing under this government, our currency has truly lost its value

This is just $28billion going by the current exchange rate


I believe this money will achieve a lot if it is well utilized, but half of it will be mismanaged and embezzled

Biodun556:



28 billion dollars is not small money

God1000:
it is small money for a big country like Nigeria with over 200 million population

mrvitalis:
You are generating and sharing 1.3 trillion monthly that means federal government gets an average of 7.2 trillion yearly in revenue

But want to present a budget of 47+ trillion ?

And people are quiet about this?

So you want to borrow 40 trillion next year?
I pity who they earn in naira sha...

One dollar to ₦3500 here we come... U heard it here first

Peter Obi for the love of God step aside allow Tinubu rule for 8 years

House in lekki would be sold for 30k to 50k dollars Soon

Biodun556:



28 billion dollars is not small money

God1000:
it is small money for a big country like Nigeria with over 200 million population

God1000:
N47.9trn was big money before, but it's nothing under this government, our currency has truly lost its value

This is just $28billion going by the current exchange rate


I believe this money will achieve a lot if it is well utilized, but half of it will be mismanaged and embezzled

mrvitalis:
You are generating and sharing 1.3 trillion monthly that means federal government gets an average of 7.2 trillion yearly in revenue

But want to present a budget of 47+ trillion ?

And people are quiet about this?

So you want to borrow 40 trillion next year?
I pity who they earn in naira sha...

One dollar to ₦3500 here we come... U heard it here first

Peter Obi for the love of God step aside allow Tinubu rule for 8 years

House in lekki would be sold for 30k to 50k dollars Soon

TemporaryHansel:


That is money some departments in US cities budget for their spending.. laps( Los Angeles police department) has almost if not a higher budget than Nigeria. That's insane.
Nigeria is really poor tbh.

havenz:
The next thing way them go tell us now be say, they want to borrow to finance the budget. Failed criminals.

God1000:
N47.9trn was big money before, but it's nothing under this government, our currency has truly lost its value

This is just $28billion going by the current exchange rate


I believe this money will achieve a lot if it is well utilized, but half of it will be mismanaged and embezzled

mrvitalis:
You are generating and sharing 1.3 trillion monthly that means federal government gets an average of 7.2 trillion yearly in revenue

But want to present a budget of 47+ trillion ?

And people are quiet about this?

So you want to borrow 40 trillion next year?
I pity who they earn in naira sha...

One dollar to ₦3500 here we come... U heard it here first

Peter Obi for the love of God step aside allow Tinubu rule for 8 years

House in lekki would be sold for 30k to 50k dollars Soon

JagabanBorgu:

As usual, Obidents praying and wishing for the worst because Nigerians dón't want Lienus.
Lienus should contest, he should keep contesting at least he got some funds to add to his overseas accounts from ur donations in the last election, he needs more of it so u lots should donate come 2026/27.