By Jemimah Wellington, JKNewsMedia Reporter
A focus on infrastructure, education, and security has dominated conversations around Nigeria’s 2025 budget proposal of ₦47.9 trillion.
With a significant increase of nearly ₦20 trillion compared to the 2024 budget of ₦28.7 trillion, the expenditure plan has drawn attention to its bold allocation strategy.
Infrastructure, security, education, and healthcare account for ₦14.97 trillion—over half of the total.
The Tinubu Media Support Group (TMSG) described the ambitious budget as a calculated step toward revitalising the economy, hailing it as a decisive effort to enhance economic growth and human capital development.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group noted that ₦4.06 trillion is set aside for infrastructure.
They emphasised the expected multiplier effects of this allocation, particularly on businesses and economic activities.
The funding targets roads, rail, and power projects, which President Tinubu believes will help lower the inflation rate from 34% to 15% by year’s end.
The group also highlighted the ₦4.91 trillion devoted to defence as a vital step toward creating a secure environment for economic growth.
This allocation is expected to address long-standing security issues, particularly in Nigeria’s food basket regions, where insecurity has hampered agricultural production.
Regarding revenue generation, TMSG expressed confidence in achieving the ₦36.3 trillion target.
It pointed to improved efficiency in tax collection and the proposed tax reforms, which aim to diversify Nigeria’s non-oil revenue streams.
“Broadening the tax base will ensure sustainable growth in revenues from taxes and customs duties,” the statement added.
The group also urged the National Assembly to expedite the approval process for the budget, noting its potential to steer the nation toward sustainable development.
