As required by the Constitution, Tinubu is expected to present the 2025 appropriation bill before the National Assembly.
President Bola Ahmed Tinubu has signalled his readiness to present the 2025 Appropriation Bill to a joint session of the National Assembly on Tuesday, 17 December, 2024 by 10:30 a.m.
This was made known by the President of the Senate, Godswill Akpabio during Thursday’s plenary.
Akpabio said, “His Excellency, the President of Nigeria has indicated his interest to bring the 2025 budget proposal estimate to the joint sitting of the National Assembly on the 17th day of December 2024. That will be in the House of Representatives as usual at 10:30 am.”
As required by the Constitution, Tinubu is expected to present the 2025 appropriation bill before the National Assembly.
BREAKING: Senate approves budget benchmarks for 2025-2027
Ahead of the budget presentation, Tinubu had on Tuesday, November 19, 2024, forwarded to both chambers of the National Assembly, the 2025–2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) with a total spending of N47.9 trillion on expenditure framework and a new borrowing plan of N9.22 trillion which includes both domestic and foreign borrowings.
The Senate through its committee on Finance after two weeks of interactive sessions with heads of Ministries, Departments and Agencies on revenue and expenditure projections made for them, approved the MTEF and transmitted it to the President for assent.
