President Bola Ahmed Tinubu at 2025 Budget presentation

“Today, I presented the proposal for the ‘2025 Budget of Restoration: Securing Peace, Rebuilding Prosperity’ to the Joint Session of the National Assembly. This budget reflects our administration’s unshakable commitment to stabilising our economy, improving lives, and paving the way for a brighter future for every Nigerian.

“The time for lamentation is over. This is a time to act. A time to support and promote greater investment in the private sector. A time for every Nigerian to look hopefully towards a brighter future because a new day has dawned for us as a nation.”

Together, we have embarked on a journey of transformation and reform, and while the road has not been easy, the progress we’ve made is undeniable.

We have witnessed economic growth of 3.46% in Q3 2024, up from 2.54% in Q3 2023. Our foreign reserves now stand at $42 billion, providing robust economic security, and we now have a trade surplus of ₦5.8 trillion, reflecting the resilience of our policies.

The 2025 Budget is ambitious but necessary and we have earmarked record allocations in some key areas:
• ₦4.91 trillion for Defence and Security
• ₦4.06 trillion for Infrastructure
• ₦3.52 trillion for Education
• ₦2.48 trillion for Health

We are building a Nigeria where peace reigns, opportunities abound, and every citizen can dream, work, and thrive in safety. Let us move forward, not as individuals but as one united nation, determined to rewrite our story for the generations to come.”

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