President Bola Ahmed Tinubu on Wednesday presented N47.96 trillion 2025 budget to a joint session of the 10th National Assembly in Abuja.
The Appropriation Bill, tagged: “The Restoration Budget, securing peace, building prosperity,”
proposed N4.91 trillion for defence and security, while Infrastructure, Health and Education got N4.06 trillion, N2.48 trillion and N3.5 trillion, respectively.
The President emphasized that the budget was designed to align with the administration’s Renewed Hope Agenda, prioritizing poverty reduction, equitable income distribution, and human capital development.
“As we embark on implementing the 2025 budget, our steps are deliberate, our decisions resolute, and our priorities are clear. This budget reflects a renewed commitment to strengthening the foundation of a robust economy.
“While addressing the critical sectors essential for the growth and development, we envision to secure our nation. Security is the foundation of all progress. We have significantly increased the funding for the military, paramilitary and our police forces to secure the nation, protect our borders and consolidate government control over every inch of our national territory,” the President said.
Tinubu assured that his government will empower the armed forces with the modern tools and technology they need to “keep us safe, boosting the morale of our men and women in the armed forces will remain our government’s top priority, the officers, men and women of our Armed Forces and the Nigerian police force and the shield and protectors of our nation, our administration will continue to empower them to defeat insurgency, banditry and threats to our sovereignty.”