Bola Tinubu
Audio By Carbonatix
Nigeria plans 47 trillion naira ($28.18 billion) spending for its 2025 budget, using an assumption of an oil price of $75 per barrel and target production of 2 million barrels per day, the country's budget minister said on Thursday.
The budget includes a deficit of 13.8 trillion naira or 3.87% of estimated GDP, Atiku Bagudu told reporters after a cabinet meeting in Abuja.
The 2025 budget also includes a forecast exchange rate to the U.S. dollar at 1,400 naira, stronger than its official closing rate of 1,655 naira on Thursday.
Bagudu said the government's fiscal efforts were on track with key non-oil revenue streams performing better than anticipated.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
IJM calls for increased funding and media action against human trafficking in Ghana
1 minute -
Finance Minister lays 4 key 2025 fiscal and energy reports before Parliament
33 minutes -
Ghana AIDS Commission calls for intensified HIV testing as treatment gaps persist
35 minutes -
Photos: Vice President joins Guyana’s 60th independence anniversary celebration
36 minutes -
Findings from 2023 African Games shocking and staggering – Anti-corruption campaigner
37 minutes -
China executes man for poisoning billionaire gaming tycoon
1 hour -
Create industries around startups – Venture capitalist calls for focus on industrial champions
1 hour -
Ferrari unveils first fully electric car
1 hour -
Senegal’s President appoints 60-year-old Ahmadou Alhaminou Mohamed Lo as new Prime Minister
1 hour -
Six arrested for murder at galamsey site at Gwira Ampansie
2 hours -
TVET must drive Ghana’s development, not be seen as second-tier education – Mahama
2 hours -
Iran condemns US strikes as ‘gross violation’ of ceasefire
2 hours -
Finance Minister must explain 0.75% MoMo tax – Minority
2 hours -
Quicken farm inputs distribution under Feed Ghana initiative – SEND Ghana urges govt
2 hours -
NDC is a government of propaganda – Minority
2 hours