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
-
Illegal connections cost GWL GH₵8.6 Million between August–December 2025
7 minutes -
WPL 2025/26: Hasaacas Ladies move to top of Southern Zone as Ampem Darkoa continue lead
24 minutes -
Ghana Water Limited needs over GH₵3.5bn to replace ageing pipelines — MD
46 minutes -
Ageing water plants to blame for persistent water shortages — GWL boss
1 hour -
National Security Strategy gathering dust while Ghanaians die in Burkina Faso — Kwesi Aning
2 hours -
‘Not one warning issued’- Prof Aning criticises gov’t over failure to alert tomato traders on Burkina Faso risk
2 hours -
Today’s Front pages : Tuesday, February 17, 2026
2 hours -
Ghana, Spain deepen agribusiness ties as GB Foods calls on Trade Minister, unveils 6k-acre tomato project
2 hours -
Our Alhaji of Radio Univers is gone
2 hours -
Eve and Twinsdntbeg to headline 10th anniversary of the Warwick Africa Summit 2026
2 hours -
Continental Free Trade Area must benefit farmers – AfCFTA Secretary-General Wamkele Mene
3 hours -
MTN Ghana and CalBank launch 2026 “Save A Life” campaign
3 hours -
24 Hour Economy Secretariat engages Bank of Ghana on policy alignment
3 hours -
The fugu fight: A lesson in identity, a reminder of our power in unity
3 hours -
Minority Whips are the backbone of my leadership – Afenyo-Markin
3 hours