FEC Approves 2025 Bugdet

The Federal Executive Council (FEC) has approved a proposed budget of N47.9 trillion for 2025, as disclosed by Atiku Bagudu, Minister of Budget and Economic Planning on Thursday......Read The Full Article>>.....Read The Full Article>>

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This budget is part of the Medium Term Expenditures Framework (MTEF) for 2025 to 2027, which aligns with the Fiscal Responsibility Act of 2007.

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The FEC also approved the submission of this proposal to the National Assembly, as required by law.

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The proposed budget projects a Gross Domestic Product (GDP) growth rate of 4.6 percent and oil production of 2.06 million barrels per day.

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