President Bola Ahmed Tinubu has presented a budget proposal of N49.7 trillion for the 2025 fiscal year to the National Assembly yesterday. This joint session was held on Wednesday the 18th of December, 2024, at the chamber of the House of Representatives at the National Assembly Abuja. The budget was themed “Budget of Restoration: Securing Peace, Rebuilding Prosperity.” A few weeks ago, the two chambers of the National Senate approved the 2025-2027 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) with a total spending of ₦47.9 trillion and a new borrowing plan of N9.22 trillion, constituting domestic and foreign borrowings. The budget's top priorities are defence and security, infrastructure, health, and education. Defence and Security are proposed to receive N4.91 trillion, infrastructure is proposed at N4.06 trillion. Health is projected at N2.48 trillion, and Education is proposed at N3.52 trillion. The president said the budget is a commitment to strengthening the foundation of a surplus and robust economy.