 |
| National Assembly endorses bold 2025 budget plan. |
The National Assembly passed a big budget on Thursday. The bill totals N54.99tn. It sets aside N14.32tn for debt servicing. N13.64tn goes for recurrent spending. This covers salaries, office costs, and day-to-day operations.
Both the Senate and the House met in separate sessions. They agreed on the bill before it reached the floor. Lawmakers made a clear choice for a firm budget.
Economists and private sector leaders shared mixed views. They see the bill as needed for growth. They also worry about high financing costs. High costs may push inflation up. This debate is at the heart of many discussions today.
The government says the budget will boost public services. It will keep salaries, overheads, and operations steady. The plan aims to support economic stability. Yet, concerns about debt servicing remain strong.
Many business leaders stress caution. They call for clear plans on funding the bill. They note that borrowing too much could hurt prices. These voices add balance to the debate.
The bill is more than a number. It is a step toward better public service and growth. However, the risks tied to funding are real. A careful approach is needed to steer clear of inflation.
The discussion is open. Readers are invited to share thoughts and ask questions. Constructive debate helps us understand the true cost and benefits of this plan. We all have a stake in how the budget shapes our economy.
This news update marks an important moment. It shows the government's effort to meet both growth and financial stability. The long-term impact will unfold in the coming days. Stay tuned to trusted sources for more updates.
Your views matter. Join the conversation and share balanced insights. Together, we can build a clearer picture of our economic future.
BREAKING: The Senate passed the N54.9 trillion 2025 Budget on Thursday.
— Imran Muhammad (@Imranmuhdz) February 13, 2025
A breakdown of the budget:
N23.963trn capital expenditure
N14.317trn for debt servicing.
N3.645trn for statutory transfers.
N13.64trn for recurrent expenditure. pic.twitter.com/k0WOvz0nq8