The Nigerian government has proposed a N47.9 trillion budget for the 2025 fiscal year.
Minister of Budget and Economic Planning, Atiku Bagudu, shared the proposal following a Federal Executive Council (FEC) meeting chaired by President Bola Tinubu in Abuja.
He also confirmed that FEC approved the Medium Term Expenditure Framework (MTEF) for 2025–2027. Key benchmarks include a crude oil price of $75 per barrel, a production target of 2.06 million barrels per day, and an exchange rate set at N1,400 to the dollar.
The government anticipates a 6.4% GDP growth.
