President Bola Tinubu is set to present the 2025 budget to a joint session of the National Assembly on Tuesday, December 17.
Senate President Godswill Akpabio made the announcement during Thursday’s plenary session.
The budget presentation will take place in the House of Representatives chamber.
This follows the submission of the Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025-2027 to both the Senate and the House last Tuesday.
Akpabio also instructed the Senate Committees on Finance, National Planning, and Economic Affairs to review the MTEF/FSP documents and submit their reports within one week.
The MTEF/FSP outlines key economic assumptions, including a $75 oil price benchmark, daily oil production of 2.06 million barrels, an exchange rate of N1,400 to $1, and a projected GDP growth rate of 6.4%.
