President Tinubu Unveils N4.52 Trillion Increase in 2025 Budget to Enhance Growth and Security

President Tinubu Unveils N4.52 Trillion Increase in 2025 Budget to Enhance Growth and Security

President Bola Ahmed Tinubu has announced a significant N4.52 trillion increase in the 2025 budget, underscoring his administration's commitment to fostering inclusive growth and enhancing security across Nigeria.

 The proposed allocations are strategically aimed at various transformative sectors that are essential for the country’s development.

A substantial portion of the budget, N1 trillion, is earmarked for the solid minerals sector. 

This investment aims to unlock Nigeria’s vast mineral resources, promoting economic diversification and serving as a vital pillar for non-oil growth.

 Additionally, the recapitalisation of the Bank of Agriculture (BoA) will receive N1.5 trillion, with the goal of transforming the agricultural landscape, ensuring food security, and empowering smallholder farmers and agribusinesses.

Furthermore, the Bank of Industry (Bol) will be recapitalised with N500 billion to provide critical support for small and medium enterprises (SMEs).