President Bola Tinubu has signed the 2025 Appropriation Bill into law, saying it marks a significant step towards securing peace and rebuilding prosperity in Nigeria. The budget, valued at ₦54.99 trillion, has the theme, “Budget of Restoration: Securing Peace, Rebuilding Prosperity.”
“For 2025 budget of transformation, we affirm our commitment to securing future, rebuilding prosperity and ensuring that every Nigerian shares in the dividends of governance,” Tinubu stated after signing the budget.
He acknowledged that the past year tested Nigeria’s resolve amid significant economic challenges. He noted that the removal of fuel subsidies and foreign exchange liberalisation had created unprecedented difficulties for citizens, leading to soaring inflation and rising costs of living.
Tinubu emphasised that despite these trials, his administration has demonstrated resilience through economic discipline and strategic reforms.
He stated: “The past year tested our resolve but through the economic discipline and strategic reforms, we achieved what many deemed impossible.”
The president pointed to key economic milestones achieved over the past year, including a rebound in GDP growth to 3.86per cent, an increase in national revenue to N21.63 trillion, and a significant reduction in the fiscal deficit from 6.2 per cent in 2023 to 4.217 per cent. He described these achievements as proof of Nigeria’s resilience and determination to rebuild prosperity.
Tinubu also praised Nigerians for their unity and perseverance during such trying times. “There are no dust in our faces and no tears in our cheeks. We worked together as brothers and sisters, collaborative Nigerians, after the initial turbulence. Today, we see a light at the end of the tunnel,” he said.
While acknowledging that challenges remain, Tinubu reaffirmed his administration’s commitment to empowering citizens, building a resilient future, and ensuring that every Nigerian benefits from governance. “We can only promise to work harder,” he said. Sun