Senate President Godswill Akpabio has announced that President Bola Tinubu will deliver the 2025 Appropriation Bill to the National Assembly on Tuesday.
Akpabio revealed this during an announcement made at the Senate’s Thursday plenary session.
In his words, “The president has made his intention known to the National Assembly to present the 2025m budget to the joint session of the National Assembly on the 17th of December, 2024.”
Akpabio stated that the budget presentation would be held in the House of Representatives Chamber.
Last Tuesday, Tinubu submitted the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2025–2027 to both the Senate and the House of Representatives.
Akpabio instructed the Senate Committee on Finance, National Planning, and Economic Affairs to review the MTEF/FSP documents and submit a report within a week.
The MTEF/FSP outlines key parameters, including a $75 per barrel oil price benchmark, daily oil production of 2.06 million barrels, an exchange rate of ₦1,400 to $1, and a projected GDP growth rate of 6.4%.
These figures serve as the foundation for evaluating and approving the proposed ₦47.9 trillion 2025 budget.
