NORTH KOREA FIRED SEVERAL BALLISTIC MISSILES INTO THE SEA. (PHOTO).

The Federal Government has approved the 2025 budget proposal, with President Bola Tinubu scheduled to present it to a joint session of the National Assembly on Wednesday, December 18, 2024. The budget, totaling N47.96tn, was delayed from the original Tuesday presentation to allow final adjustments.
The proposal includes new borrowings of N9.22tn, with a projected revenue of N34.82tn. The budget aligns with the Medium-Term Expenditure Framework (MTEF) approved in November, which sets economic targets such as oil production of 2.06 million barrels per day and a $75 oil price benchmark. The presentation follows consultations between the executive and legislative branches.
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