Leadnaija
Recall that President Tinubu has just increased the 2025 National budget from the the initial approved to N4.52 trillion
bellow are summary Details of the N4.52 trillion increase in the 2025 budget:
Solid minerals sector – N1 trillion
Recapitalisation of the Bank of Agriculture (BoA) – N1.5 trillion
Recapitalisation of the Bank of Industry (Bol) N500billion
Critical Infrastructure Projects (RHID Fund) – N1.5 trillion
Transportation infrastructure (roads and rail): N700 billion
Border communities infrastructure: N50 billion
Military barracks accommodation – N250 billion
Military aviation – N120 billion.
President Tinubu stated that the rise reflects his administration’s dedication to fostering inclusive growth and ensuring security for all.
He said, “I propose that these funds be allocated to the following transformative expenditure areas:
“Solid minerals sector – N1 trillion: to support economic diversification by unlocking the potential of Nigeria’s vast solid mineral resources, which remain an untapped revenue stream and a vital pillar of non-oil growth.
“Recapitalisation of the Bank of Agriculture (BoA) – N1.5 trillion: to transform Nigeria’s agricultural landscape, ensure food security, and empower smallholder farmers and agribusinesses.
“Recapitalisation of the Bank of Industry (Bol) N500billion: to provide critical support to small and medium enterprises (SMEs), drive local manufacturing, and reduce dependence on imports.
“Critical Infrastructure Projects (RHID Fund) – N1.5 trillion.
“Transportation infrastructure (roads and rail): N700 billion (300 billion for the construction and rehabilitation of critical roads and 400 billion for light rail network development in urban centres).
“Border communities infrastructure: N50 billion; military barracks accommodation – N250 billion, and military aviation – N120 billion.
“Irrigation development: N380 billion will strengthen Nigeria’s capacity for year-round agricultural production, ensuring water security and boosting food supply.
“Transportation infrastructure: N700 billion will modernise Nigeria’s road and rail networks, reducing costs, enhancing connectivity, and supporting economic activity.
“Border communities infrastructure: N50 billion will improve living standards and enhance the security of border regions, fostering stability and cross-border trade.
“Military barracks accommodation: N250 billion will provide modern and expanded housing for personnel, boosting morale and operational readiness.
“Military aviation: N120 billion will modernize Nigeria’s aviation capabilities, ensuring the military remains responsive to emerging security challenges.”
“By investing in our armed forces, we affirm our resolve to end terrorism, safeguard the dignity of our people, and create conditions for economic prosperity.
“This budget reflects not only our commitment to securing Nigeria today but to building a future where every citizen can live and thrive without fear.Tap Here To Read Full Details
