FG to begin 2025 budget implementation by September end

…Pushes for Data-Driven Governance, Citizen Engagement

Abuja, Nigeria – The Federal Government has announced that implementation of the 2025 nationalist fund volition commence by the extremity of September, arsenic the execution of the 2024 fund winds down.

The disclosure was made by the Director-General of the Budget Office of the Federation, Mr. Tanimu Yakubu, astatine the 3rd Quarter Ministerial Stakeholders and Citizens Engagement Forum, hosted by the Ministry of Budget and National Planning successful Abuja.

The ₦54.99 trillion 2025 budget, tagged the “Budget of Restoration”, is designed to stimulate economical growth, heighten nationalist services, and thrust investments successful cardinal sectors. Yakubu stressed that effectual implementation and prudent fiscal absorption volition beryllium captious to its success.

He besides emphasized the value of national involvement, describing Nigerians arsenic “the eventual owners of nationalist resources.” He listed initiatives specified arsenic translating fund documents into section languages, simplifying fund content, and empowering communities to clasp authorities accountable.

Fiscal Priorities

The DG highlighted challenges successful Nigeria’s nationalist concern system, including: Setting realistic gross targets, particularly successful the lipid sector. Addressing fiscal implications of the Petroleum Industry Act (PIA). Improving gross designation successful task financing and taxation recognition schemes. Prioritizing indebtedness servicing, which accounts for ₦14.3 trillion successful the 2025 budget.

He outlined strategies to enactment Nigeria’s ambition of becoming a $1 trillion system by 2030, including ward-based improvement programs crossed 8,809 wards, taxation reforms, stronger fiscal discipline, and innovation partnerships specified arsenic a $30.9 cardinal Nigeria-Japan start-up initiative.

Minister Stresses Evidence-Based Governance

Minister of Budget and National Planning, Senator Atiku Bagudu, reaffirmed the Federal Government’s committedness to transparency and data-driven decision-making. “Our policies and programs indispensable beryllium shaped by facts, not speculation. Data is the bedrock of liable governance,” helium said.

Statistician-General Calls for Greater Investment successful Data

Statistician-General, Prince Adeyemi, called for stronger nationalist knowing of statistical work, greater concern successful information systems, and constructive engagement from the media and civilian society.

He explained that challenges specified arsenic constricted survey illustration sizes, underfunding, and outdated tools undermine precision and prime of nationalist statistics. While acknowledging planetary shifts successful definitions specified arsenic unemployment, helium stressed that the National Bureau of Statistics (NBS) adheres to planetary champion practices and receives method guidance from the UN and World Bank.

“Statistics are nationalist goods. Citizens should not lone person entree to them, but besides recognize what they mean. We request each stakeholder, including the media, to assistance execute that,” Adeyemi noted.

He listed ongoing initiatives, including statistical literacy programs, improved information visualization tools, a remodeled NBS website, and regular engagement with civilian nine groups.

The lawsuit brought unneurotic elder authorities officials, civilian nine leaders, improvement partners, and citizens, underscoring the cardinal relation of credible information successful shaping Nigeria’s fiscal and improvement trajectory.

The station FG to statesman 2025 fund implementation by September end appeared archetypal connected Vanguard News.