Last week, President Bola Tinubu unveiled the 2025 budget proposal, sparking nationwide debate over the country’s fiscal direction. Pegged at N47.96 trillion, the budget represents a 36.8 per cent increase from the 2024 fiscal plan. However, with projected revenue standing at N34.82 trillion, the government is faced with a N13.14 trillion deficit, equivalent to about 3.89 percent of Nigeria’s Gross Domestic Product (GDP).
The government plans to finance this deficit primarily…
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