Will Nigeria’s 2025 budget deliver or disappoint?

The Nigerian government has presented a budget proposal of N47.9 trillion for 2025. This has led to widespread debate on whether it can deliver the promised economic relief or fall short. Key figures in the proposal include a crude oil price benchmark of $75 per barrel, an exchange rate of N1,400 to the dollar, and a GDP growth target of 4.6 percent. While these figures project confidence, many Nigerians facing soaring prices and economic hardship find little comfort in them. Bismarck Rewane, an economist, has been quick to challenge t