President Bola Tinubu on Wednesday, presented a total budget of ₦49.7 trillion to the joint session of the National Assembly.
The budget was tagged, “Restoration budget, securing peace and building prosperity.”
According to The PUNCH, Tinubu noted that the budget seeks to restore macroeconomic growth and build the economy.
He commended the resilience of Nigerians amid growing economic indices.
“In the year 2024, it was projected at 3.2%, and against predictions of our country, we have made significant progress. Our economic economy grew by 3.46%. The improvement we have witnessed in the year 2024 budget has led all of us into the 2025 budget.”
The president told the joint Assembly of the National Assembly that inflation will decline according to the budget projections.
He also pledged a reduction in Foreign Exchange.
