Nigerian financial expert and chief executive officer of the CFG Advisory, Adetilewa Adebajo, has revealed that the non-allocation of funds to the fuel subsidy is the most important, as President Bola Ahmed Tinubu signed the N54.99 trillion 2025 budget.
Adebajo disclosed this in a recent interview on Arise Television, analysing the budget.
This comes as the two chambers of the National Assembly approved the N54.99 trillion 2025 budget days back and it was signed into law by President Bola Ahmed Tinubu on Friday.
The signed 2025 budget surpassed the initial N54.2 trillion proposal by Tinubu and a near 100 percent increase from the N27.5 trillion budget for last year.
Key prepositions are the exchange rate benchmark at N1500 per dollar, the interest rate at 15 percent from the current 24.48 percent, and the crude oil production target of 2.06 million barrels per day at a benchmark price of $75 per barrel.
Reacting, Adebajo identified that the non-allocation of funds to the fuel subsidy, which gulped about N4 trillion in 2024.
“One of the most important things for me in the 2025 budget that people are not highlighting is that for the first time in a long while, no funds were allocated to fuel subsidy. I think this is something very important”.
Media Talk Africa reports that Tinubu signed the 2025 budget into law on Friday.
