President Bola Tinubu has rescheduled the presentation of Nigeria’s 2025 budget to the National Assembly initially set for Tuesday, December 17 to Wednesday, December 18.
Reports say a senior official within the National Assembly confirmed the change, stating that an official statement on the rescheduling is expected soon.
This development comes after Senate President Godswill Akpabio announced that President Tinubu would present the 2025 budget on December 17.
During Thursday’s plenary, Akpabio revealed that the presentation would be held at the House of Representatives chamber.
He informed lawmakers that the Senate plenary would commence at 10:30 am on the scheduled day, allowing senators to convene in the Red Chamber before proceeding to the House of Representatives for the budget presentation.
Last month, President Tinubu submitted the Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, for 2025-2027 to both the Senate and House of Representatives.
The MTEF outlines the country’s spending plans for the next three years, including the proposed N47.9 trillion budget for 2025.
The budget presentation is a critical step in the budgeting process, and the National Assembly’s approval is required for the budget to take effect.
The rescheduling of the presentation may have implications for the timeline of the budget’s approval and implementation.
The new presentation date of December 18 is expected to proceed as planned, with President Tinubu presenting the 2025 budget to the joint session of the National Assembly.
The event will be closely watched by stakeholders and the general public, who are eager to learn more about the government’s spending plans for the coming year.
