csrreporters 
President Tinubu Signs Historic N54.99 Trillion Budget, Promises Economic Growth
President Bola Tinubu has signed the N54.99 trillion 2025 Budget of Restoration into law, emphasizing his administration’s commitment to economic recovery and national development. The budget, marking a significant increase from the previous year’s N27.5 trillion, aims to empower Nigerians and build a resilient future.
Key allocations in the budget include:
- National Security: ₦6.11 trillion, the highest defense allocation in Nigeria’s history, to secure the nation from threats.
- Infrastructure: ₦5.99 trillion for major rail, road, and energy projects to connect cities and drive economic expansion.
- Human Capital Development: ₦5.70 trillion dedicated to healthcare, education, and skills development.
- Agriculture and Food Security: ₦3.73 trillion to boost local food production and ensure food security.
- Social Welfare: ₦723.68 billion to support youth, women, and vulnerable citizens.
President Tinubu highlighted the positive economic indicators, noting that the nation’s GDP growth rebounded to 3.86% in the last quarter, the fastest in three years. Additionally, national revenue surged to ₦21.63 trillion, reflecting fiscal efficiency, and the deficit reduced significantly from 6.2% in 2023 to 4.17% in 2025.
The President also mentioned that foreign exchange reforms have restored investor confidence, stabilizing markets. Furthermore, the minimum wage was raised to ₦70,000, strengthening the purchasing power of workers.
In his address, President Tinubu expressed gratitude to the National Assembly for their cooperation and emphasized the importance of discipline in honoring the budget as a promise to the Nigerian people. He assured citizens that with hard work and faith, the administration would restore the economy, rebuild the nation, and secure a brighter future for every Nigerian.
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