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Headline : FEC approves Nigeria’s 2025 budget

Read more from the original article on here at www.premiumtimesng.com.





Tags : #fec #approves #nigerias #2025 #budget


No. of Paragraph 23

The Federal Executive Council has approved a budget of N47.9 trillion for 2025.

The approval was announced on Monday by the Minister of Budget and National Planning, Atiku Bagudu, at the end of the FEC meeting presided over by President Bola Tinubu.

“The 2025 framework is based on a benchmark oil price benchmark of $75 per barrel, oil production of 2.06 billion barrels per day and the exchange rate of N1,400. All these are already included in the Medium Term of which we have presented here, which have also been approved by the National Assembly,” the minister said.

“So the total projected revenue for 2025 stands at N34.82 trillion out of which the expenditure is projected at N47.96 trillion, which is an increase of 36.8 per cent from the 2024 estimate.

Read more from the original article on here at www.premiumtimesng.com.


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