President Bola Tinubu will Tuesday, 17th December, present the 2025 budget to a joint session of the National Assembly in Abuja. 

This was disclosed by the Senate President, Godswill Akpabio, during plenary session on Thursday.

Akpabio announced that the presentation will take place at the House of Representatives’ chamber, but did not provide further details.

The President had last week Tursday submitted the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2025-2027 to both the Senate and the House of Representatives.

The Senate Committee on Finance, National Planning, and Economic Affairs has been directed to consider the MTEF/FSP documents and report within one week.

Key parameters in the MTEF/FSP include a $75 oil price benchmark per barrel, daily oil production of 2.06 million barrels, an exchange rate of N1,400 to $1, and a targeted GDP growth rate of 6.4%.

These figures form the basis for consideration and approval of the proposed N47.9tn 2025 budget.