President Bola Tinubu Unveils the 2025 Budget of Restoration, Charting a New Course for Nigeria’s Economic Future
By MAC – Bentelevision

In a decisive move toward economic recovery and growth, President Bola Tinubu signed the 2025 Budget of Restoration on Thursday, February 27, 2025. The historic signing, attended by the Senate President, Speaker of the House of Representatives, distinguished senators, honourable members, ministers, and other partners in progress, marked a renewed commitment to rebuilding prosperity across Nigeria.

Addressing the gathered dignitaries, President Tinubu declared, “Today, we take another bold step in our nation’s journey of economic recovery, stability, and growth.” He underscored that despite recent challenges, Nigeria had demonstrated remarkable resilience. “After the initial turbulent take-off, our people can see signs of progress and the promise of a better future. Our economy is turning the corner,” he affirmed.

The President highlighted several key economic milestones achieved over the past year:

• GDP Growth: The national GDP rebounded to 3.86% in the last quarter, the fastest rate in three years.
• Revenue Surge: National revenue climbed to N21.6 trillion from N12.37 trillion, a testament to the drive for fiscal efficiency.
• Deficit Reduction: The fiscal deficit shrank significantly from 6.2% in 2023 to 4.17% in 2025.
• Forex Reforms: Reforms in the foreign exchange market restored investor confidence and stabilized the markets.
• Wage Increase: The minimum wage was raised to ₦70,000, bolstering the purchasing power of Nigerian workers.
• Infrastructure Developments: Ambitious projects, including the 750km Lagos-Calabar Coastal Highway and the 1,068km Sokoto-Badagry Superhighway, are set to transform the nation’s connectivity.

Speaking further on a strategic Investments for a Resilient Nation, said,

With an unprecedented ₦54.99 trillion budget, the government is making its largest-ever investments in critical sectors. The allocations are designed to address both immediate needs and long-term challenges:

• National Security (₦6.11 trillion): Marking the highest defence allocation in Nigeria’s history, this investment is aimed at safeguarding the nation against emerging threats.
• Infrastructure (₦5.99 trillion): Major rail, road, and energy projects are on the agenda to connect cities and stimulate economic expansion.
• Human Capital Development (₦5.70 trillion): Unprecedented funding for healthcare, education, and skills development underscores the commitment to building a future-ready workforce.
• Agriculture and Food Security (₦3.73 trillion): This initiative seeks to boost local food production and ensure that no Nigerian goes hungry.
• Social Welfare (₦723.68 billion): Targeted support for the youth, women, and vulnerable citizens aims to foster inclusivity and social stability.

Despite the ambitious spending plans, President Tinubu was unequivocal about the need for fiscal discipline. “We cannot spend what we do not have,” he warned, emphasizing that every naira must be backed by actual revenue. Measures to expand government revenues through efficiency reforms, enhanced earnings, and accelerated public-private partnerships will be pivotal. Furthermore, the President assured that all government agencies would be held accountable for prudent spending and delivering value for money.

Expressing gratitude, Tinubu acknowledged the National Assembly’s swift passage of the budget, noting that their extraordinary and patriotic duty has paved the way for smooth implementation. To further bolster accountability, the government plans to redefine the corrigenda within the Appropriations Act—establishing clear triggers for amendments that balance executive flexibility with legislative oversight.

A Promise for the Future

For President Tinubu, the 2025 budget is more than a collection of figures—it is a renewed promise of security, prosperity, and opportunity for every Nigerian. “With hard work, discipline, and faith, we will restore our economy, rebuild our nation, and secure a brighter future for every Nigerian,” he concluded.

As Nigeria embarks on this transformative journey, the nation and its citizens watch with cautious optimism. The new budget is set to serve as a catalyst for progress, demonstrating that with visionary leadership and collective commitment, a more stable and prosperous future is well within reach.

God bless the Federal Republic of Nigeria.