Nigerian govt working on 2025 Budget, says Senate

The Nigerian Senate  has said the President Bola Tinubu-led federal government is work on the 2025 budget.

Responding to the questions from parliamentary Journalists on when the Senate is expected to receive the 2025 budget from the executive, the Chairman, Senate Committee on Finance, Senator Sani Musa said, they are working on it.

Read also: Senate reviews Tinubu economic reforms

He said the minister of finance, budget and national planning are both collaborating critical stakeholders on the budget.

“The executive should answer that but as chairman of finance I know they are doing their job – they are working. 

The Minister of finance just left here, the minister of national planning, they have been working in collaboration with National Executive Council and National Economic Council as well.”

He mentioned the National Executive Council and National Economic Council as some the stakeholders being consulted.

Analyst View

With less than 8 weeks to the end of 2024, some Nigerians are concerned if President Tinubu can maintain the January to December budget calendar instituted by his predecessor, former President Muhammadu Buhari.

Buhari, working closely with Senator Ahmed Lawan-led National Assembly adjusted the hitherto disordered budget calendar. The then administration made concerted effort to normalise the calendar to January – December.

Mr. Abraham Subang, a public affairs analysts is of the view that even if the budget were to be submitted, the National Assembly will not do proper job if the are to meet up with the January to December budget cycle.