ABUJA– THE presentation of the N47.9trillion 2025 Budget presentation to joint session of the National Assembly by President Bola Tinubu , earlier fixed for Tuesday , December 17, 2024, has been shifted to Wednesday , December 18, 2024.
Information on a day postponement of the budget presentation by the President was gathered in the Senate from a top management staff of the National Assembly.
According to the highly placed source, official statement on the postponement shall be issued within the next few hours.
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Recall that at the last meeting which held about a month ago, the Federal Executive Council, FEC approved Nigeria’s 2025-2027 Medium-Term Expenditure Framework (MTEF), which includes a ₦47.9 trillion budget for 2025.
The plan features ₦9.22 trillion in new borrowing to finance the deficit, with an oil price benchmark of $75 per barrel, daily production of 2.06 million barrels, and an exchange rate of ₦1,400 to the dollar.