President Bola Ahmed Tinubu presented the 2025 national budget to Parliament this Wednesday, December 18. A “restoration budget, to secure peace and rebuild prosperity”, estimated at just over 30 billion euros and which should be marked by a record deficit.
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The gap between public revenue and expenditure is expected to widen further in the coming months in Nigeria if we are to believe the announcements of Bola Tinubu in front of Parliament. In 2025, the budget deficit is expected to amount to more than 8 billion euros according to official projections, which represents almost 4% of national GDP.
During his presentation, Bola Tinubu, on the other hand, estimated that inflation, which exceeded 34% in November, could fall to 15% in the coming months, in particular thanks to the acceleration in the production of fuel and other refined products within Nigeria and their export abroad. On the other hand, the 2025 budget is based on a hypothetical production of more than 2 million barrels of crude oil per day… while the country actually produced only 1.7 million in November, which was a record in 2024.
This Wednesday, the Nigerian Minister of Finance recalled that the oil companies Shell and Total have announced investments of several billion dollars each in Nigeria, a positive signal for investors, he hopes.