Abuja, Nigeria – The Federal Govt Council (FEC) on Monday, December 16, authorised the 2025 funds proposal amounting to ₦47.9 trillion.
Minister of Finances and Financial Planning, Atiku Bagudu, disclosed this to journalists after the Council’s assembly at Aso Rock, Abuja.
The funds is anchored on an oil value benchmark of $75 per barrel, a projected day by day manufacturing of two.06 million barrels, and an trade fee of ₦1,400 to the US greenback.
Bagudu defined that the framework aligns with the medium-term expenditure framework authorised by the Nationwide Meeting.
“The full projected income for 2025 stands at ₦34.82 trillion, whereas expenditure is estimated at ₦47.96 trillion, marking a 36.8% enhance from the 2024 funds. The projected deficit is ₦13.13 trillion, representing 3.89% of GDP,” Bagudu acknowledged.
This was the ultimate Council assembly of the yr, throughout which amendments have been made to the proposal as directed by President Bola Tinubu.
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