Senate President, Godswill Akpabio, at plenary yesterday, confirmed that President Bola Tinubu will present the 2025 budget to a joint session of the National Assembly on Tuesday.
Akpabio said the budget presentation will begin at 11:00 a.m. and will be held in the House of Representatives chamber.
Akpabio said: “His Excellency, the president of the Federal Republic of Nigeria, has indicated his intention to bring the 2025 budget proposals and estimates to a joint sitting of the National Assembly on 17th day of December, 2024.
“That will be at 11:00 a.m., prompt. That will be at the House of Representatives as usual. I am talking about Tuesday next week.”
The Senate had, on December 3, approved the 2025-2027 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) with a total spending of N47.9 trillion.
The expenditure framework was approved with a new borrowing plan of N9.22 trillion, which constitutes both domestic and foreign borrowings.
The MTEF is a projection of a three-year spending plan of the federal government. The nation’s budget is predicated on this framework.
