Policy analyst Basil Abia has called President Bola Tinubu’s 2025 budget goals unrealistic, especially the plan to lower inflation from 34.6% to 15% within a year. Speaking on Politics Today, Abia said, “You can’t achieve 15% inflation with crude oil production below two million barrels per day.” Nigeria is currently producing 1.5 million barrels daily, far short of the budget’s projections.
Chijioke Ekechukwu, head of the Abuja Chamber of Commerce and Industry, also criticized the budget’s exchange rate forecast of ₦1,500 per dollar. He said, “This projection kills any hope of the exchange rate dropping to ₦1,000.”
The ₦49.7 trillion budget includes ₦4.91 trillion for defense, ₦4.06 trillion for infrastructure, ₦2.4 trillion for health, and ₦3.5 trillion for education.
