Nigeria's 2025 Budget Capital Expenditure

Dec 23, 2024 - 17:00
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Nigeria's 2025 Budget Capital Expenditure





The Nigerian government has unveiled its capital expenditure budget for 2025, marking a significant commitment to various sectors that are crucial for national development. With a total allocation that highlights priorities in infrastructure, defense, and social welfare, the budget aims to address pressing issues and foster growth across the country. Key ministries such as Works, Finance, and Defence have received substantial funding, reflecting the government's focus on enhancing public services and security.

Leading the allocations is the Federal Ministry of Works, which has been allocated a remarkable N926.2 billion. This funding is expected to bolster infrastructure projects that are essential for economic growth and connectivity. Improvements in roads, bridges, and public facilities are anticipated, which will not only create jobs but also enhance the quality of life for citizens. The emphasis on infrastructure development is vital for attracting investment and fostering trade.

Another critical sector is the Ministry of Defence, receiving N581.52 billion. This allocation underscores the government’s commitment to national security amidst various threats, including insurgency and banditry. Strengthening the armed forces and improving their capabilities are essential to ensuring the safety of citizens and maintaining stability within the region. The budget for defense reflects the ongoing challenges faced by the country and the need for a robust response.

In addition to infrastructure and security, the Federal Ministry of Health and Social Welfare has been allocated N592.1 billion, indicating a strong focus on healthcare improvements. This funding aims to enhance healthcare services, tackle public health challenges, and improve access to medical facilities across the nation. Alongside this, the Federal Ministry of Education receives N551.1 billion, demonstrating an investment in the future of Nigeria's youth through education reforms and infrastructure development in schools.

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