{"id":138447,"date":"2024-11-14T23:24:42","date_gmt":"2024-11-14T22:24:42","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/fec-approves-n47-8tn-nigerias-budget-for-2025"},"modified":"2024-11-15T00:27:56","modified_gmt":"2024-11-14T23:27:56","slug":"fec-approves-n47-8tn-nigerias-budget-for-2025","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025","title":{"rendered":"FEC approves N47.8tn Nigeria\u2019s budget for 2025"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Federal Executive Council, FEC, on Thursday, approved a proposed national budget of N47.9 trillion for the 2025 fiscal year.<\/p>\n

Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this while briefing State House journalists after the FEC meeting presided over by President Bola Tinubu on Thursday.<\/p>\n

This was part of the Medium Term Expenditures Framework (MTEF) for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.<\/p>\n

Accordingly, the FEC approved its submission to the National Assembly as required by the 2007 Fiscal Responsibility Act.<\/p>\n

The framework projected a gross domestic product (GDP) growth rate of 4.6 percent, a crude oil price of $75, and oil production of 2.06 million barrels per day.<\/p>\n

Recall that President Bola Ahmed assented to the N28.7 trillion 2024 budget, followed by the N6.2 trillion supplementary budget.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Federal Executive Council, FEC, on Thursday, approved a proposed national budget of N47.9 trillion for the 2025 fiscal year. Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this while briefing State House journalists after the FEC meeting presided over by President Bola Tinubu on Thursday. This was part of the […]<\/p>\n","protected":false},"author":84,"featured_media":138446,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29],"tags":[1578,198,834,254],"class_list":["post-138447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-breaking","tag-budget","tag-fec","tag-nigeria"],"yoast_head":"\nFEC approves N47.8tn Nigeria\u2019s budget for 2025 - Nigeria<\/title>\n<meta name=\"description\" content=\"The Federal Executive Council, FEC, on Thursday, approved a proposed national budget of N47.9 trillion for the 2025 fisc ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FEC approves N47.8tn Nigeria\u2019s budget for 2025\" \/>\n<meta property=\"og:description\" content=\"The Federal Executive Council, FEC, on Thursday, approved a proposed national budget of N47.9 trillion for the 2025 fisc ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-14T22:24:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-14T23:27:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/11\/sm_1731614255.584304.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FEC approves N47.8tn Nigeria\u2019s budget for 2025\",\"datePublished\":\"2024-11-14T22:24:42+00:00\",\"dateModified\":\"2024-11-14T23:27:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025\"},\"wordCount\":147,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/11\/sm_1731614255.584304.jpg\",\"keywords\":[\"breaking\",\"Budget\",\"FEC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/fec-approves-n47-8tn-nigerias-budget-for-2025\",\"name\":\"FEC approves N47.8tn Nigeria\u2019s budget for 2025 - 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