The Special Adviser to President Bola Ahmed Tinubu on Economic Affairs, Tope Fasua, has hinted that the federal government should come out with a much larger budget in 2026 to finance infrastructural development and rescue those Nigerians that are trapped in vicious circle of multidimensional poverty.
Fasua stated this yesterday in his virtual presentation during the “Lagos Chamber of Commerce and Industry 2025 Mid-Year Review and Outlook Conference” where he spoke on “Half-Year Economic Review and Performance of 2025 Budget: Implications and Opportunities for Business.”
He said a new economy was emerging in the country as Nigeria was moving towards zero export of crude oil and zero import of refined petrol products.
He added that export of crude oil declined by 50 per cent in 2024, while the country saved $15 billion from import of petroleum products, which reduced to $10 billion in 2024.
He said: “I am actually an advocate of larger budget even though that there is concern of how do we fund the budget. The whole idea of budget is what you want to do for your people.
