• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

2025 Budget: N13trn Deficit To Be Funded Through Borrowing – Edun

by Jonathan Nda-Isaiah
9 months ago
in News
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun.

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun.

Share on WhatsAppShare on FacebookShare on XTelegram

Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has disclosed that the N13 trillion deficit in the proposed N48 trillion 2025 budget will be financed through borrowing.

Advertisement

He disclosed this to State House Correspondents on Monday after the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu at the Presidential Villa on Monday.

According to him, the total projected revenue for 2025 was estimated at N34.82 trillion, while expenditure is set at N47.96 trillion—an increase of 36.8% from the 2024 figure. The resulting deficit of N13.14 trillion represents 3.89% of GDP.

Edun explained that the budget was crafted to reflect progress made under President Tinubu’s leadership over the past 18 months, with a focus on fiscal sustainability and economic growth.

“And even looking at it from an international context, we, like governments around the world, are concerned about how to achieve fiscal sustainability, revenue to expenditure and borrowing that is balanced, to create an environment in which the economy can grow,” he said.

RELATED

Bayo Ojulari

Nigeria’s Top Oil Boss Walking into A Trap

1 hour ago
Suspected Herders Kill 5 Farmers In Benue

Herders Ask Security Agencies, Others To Disregard Alleged Killings In Bokkos

1 hour ago
ADVERTISEMENT

He emphasised the role of private-sector investment in driving economic growth, creating jobs, and reducing poverty.

“Private sector led economies such as ours and others rely on investors to put down their money in various projects, increase productivity, create jobs, grow the economy and in the case of countries such as ours, bring the people out of poverty,” Edun stated.

The minister also highlighted recent reforms implemented by the Tinubu administration, including market-based pricing for petroleum products and foreign exchange, as well as efforts to improve electricity tariffs.

ADVERTISEMENT

“Just recently Shell announced a $5 billion investment, Total announced a multi-billion dollar investment just before that, and there are so many others expressing interest in investing in this country,” he said.

He described the 2025 budget as prioritising critical government spending while creating space for private-sector-led investments.

“This budget is based on government spending in critical areas, but also more importantly, encouraging and making room for private sector investment,”Edun noted.

Highlighting improvements in the economy, he pointed to the resumption of domestic petrol refining for the first time in 25 years.

“For the first time in about 25 years, we have domestic refinement of petrol, not just to produce petrol but also raw materials for industries across a whole range, from pharmaceuticals to building products to textiles,” he stated.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Wale Edun
SendShare10176Tweet6360Share
ADVERTISEMENT
Previous Post

Tinubu Appoints 8 New Permanent Secretaries

Next Post

ICPC Chairman Cautions Lawyers Against Frivolous Petitions

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

Bayo Ojulari
Backpage

Nigeria’s Top Oil Boss Walking into A Trap

2025/08/29
Suspected Herders Kill 5 Farmers In Benue
News

Herders Ask Security Agencies, Others To Disregard Alleged Killings In Bokkos

2025/08/29
Professionals Want Kwara Varsity Of Education In Igbomina
News

Commissioner Tasks Kwara Teachers On Innovation

2025/08/29
WBFA, Reckitt Inaugurate 106 Students As Hygiene Ambassadors
News

320 Kwara Schools Get Hygiene Wash Stations

2025/08/29
Church Donates Food, Hygiene Items To Vulnerable Families In 5 States
News

Church Donates Food, Hygiene Items To Vulnerable Families In 5 States

2025/08/29
Huawei Launches Scholarship, Awards Students In ICT Competition
News

Nigeria, Team Europe Chart New Course For Data Exchange

2025/08/29
Leadership Conference advertisement

LATEST

Nigeria’s Top Oil Boss Walking into A Trap

Herders Ask Security Agencies, Others To Disregard Alleged Killings In Bokkos

Commissioner Tasks Kwara Teachers On Innovation

320 Kwara Schools Get Hygiene Wash Stations

Church Donates Food, Hygiene Items To Vulnerable Families In 5 States

Nigeria, Team Europe Chart New Course For Data Exchange

Again, 4 Killed In Benue Attack

AIG Hails Dangote Cement CSR Initiatives

Experts Task Schools To Integrate AI Into Curriculum

FG Urged To Provide Mentorship, Harness Youths’ Digital Skills For Security

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.