Today’s joint session of the National Assembly is expected to give the budget for 2026 to President Bola Tinubu.
The presentation is scheduled for 2 p.m. m.
Tinubu had written to the Senate asking for its approval of the annual budget presentation.
INCLUDE ACF Chair Alleges North Marginalized In Budget Allocation, Infrastructure Under Tinubu, and Budget Allocation.
The Senate President, Godswill Akpabio, proposed to present the budget to a joint session of the National Assembly in accordance with the letter that was read during the plenary.
Some lawmakers expressed concern about the proposed timing, but Akpabio agreed to speak with the President about it. Some lawmakers noted that the time would coincide with Muslim prayers.
2025 Budget
A 49 was presented by Tinubu. Before the National Assembly’s joint session on December 18, 2024, the budget proposal for 2025 was presented.
He cited the budget’s highlights as defense and security, as well as. 91tn, infrastructure – ₦4. 06tn, health – ₦2. 4tn, education – ₦3. among others, 5tn.
The proposed budget was 20tn more expensive than the budget for 2024.
The 27th annual budget proposal was presented by Tinubu in December 2023. The Senate increased the bill by 1 to 5tn, his first before the National Assembly. 2tn and approved ₦28. 7tn for the 2024 budget.
The President set a 2 ppg increase in crude oil production in the budget for 2025. 2025, a total of 066 million barrels per day.
He also predicted that refined petroleum products would be more expensive to export while finished petroleum products would be more expensive in 2025.
Tinubu emphasized the need for economic growth, claimed that the economy was responding to stimulus, and that his administration would continue to implement the necessary measures.
No reversals, he claimed, despite the reforms’ results.
He continued, “These challenges are surmountable when we work together,” while acknowledging that the country is in a state of existential threat from corruption and insecurity. The narrative of this country needs to be revised.
Source: Channels TV
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