2025 Budget will Boost Economic Growth, Resilience- President Tinubu

President Bola Tinubu has affirmed that the ₦54.99 trillion 2025 budget, signed into law on Friday, will boost economic growth, resilience, and national development.

Speaking after signing the budget during a brief ceremony at the Presidential Villa, Abuja, President Tinubu noted that the fiscal plan aligns with his administration’s commitment to sustainable growth and national development.

Read Also: President Tinubu Signs N54.99trn 2025 Budget into law.

He described the past year as a test of the nation’s resolve but credited economic discipline and strategic reforms for achieving what many had considered impossible.

“There is no dust in our faces and no tears in our cheeks,” Tinubu said, reflecting on the economic challenges and policy shifts of the past year. “We worked together as brothers and sisters. After the initial turbulence, the takeoff was cloudy and uncertain. Today, we see a light at the end of the tunnel.”

The president highlighted key economic achievements, including a rebound in GDP growth to 3.86 percent, an increase in national revenue to N21.63 trillion, and a significant reduction in the budget deficit from 6.2 percent in 2003 to 4.217 percent.

He also noted the naira’s recovery, attributing it to ongoing foreign exchange reform.

In a nod to labour and social welfare improvements, Tinubu acknowledged the recent increase in the national minimum wage, affirming that his administration is meeting its financial obligations.

Expressing gratitude to the National Assembly, Tinubu commended lawmakers for their collaboration with the executive branch in shaping policies that drive national progress.

“I want to thank the National Assembly, every one of them, whether they participated in the review or not. We are building the same country,” he stated. “But particularly the leadership, we have seen the collaboration between democracy, the executive, and the legislature making a difference, determined to move our country forward.”

Concluding his remarks, the president assured Nigerians of his administration’s continued hard work and commitment to delivering on its promises.

“Today, I can smile because you have given hope to our people. We can only promise to work harder,” Tinubu said.

The signing ceremony was witnessed by Senate President Godswill Akpabio and other key leaders of the National Assembly, underscoring the collaboration between the executive and legislative arms in shaping Nigeria’s financial future.