President Bola Tinubu will present the 2025 budget proposal to a joint session of the National Assembly on Tuesday, December 17, 2024, at 11:00 a.m. in the House of Representatives chamber. This marks his second full budget since taking office in May 2023.
Senate President Godswill Akpabio announced the presentation during Thursday’s plenary. Earlier this month, the Senate approved the 2025–2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), which underpin the budget. The framework sets a total spending plan of ₦47.9 trillion, with ₦9.22 trillion allocated for domestic and foreign borrowings. It also projects an exchange rate of ₦1,400 per dollar and oil prices averaging $75 per barrel for 2025.
