Nigeria’s decision to increase its 2025 budget to ₦54.99 trillion, termed the “Budget of Restoration,” is a response to economic challenges. It aims to address inflation, fiscal constraints, and infrastructure.
The government has set revenue targets, but analysts question the sustainability of financing, as borrowing will cover a significant portion. This budget affects citizens facing poverty and limited public services. The key concern is whether it will meet economic needs or add to debt. With Nigeria’s budget per capita below the World Bank’s poverty line, many question how effectively the funds will be allocated and utilised.
BusinessDay Febuary TalkExchange Poll 2025 to share your insights on whether you believe this budget can truly foster economic growth and stability for Nigeria.
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