The National Assembly is considering moving President Bola Tinubu’s budget presentation to Wednesday.
According to the Minister of Information and National Orientation Mohammed Idris, only the National Assembly can decide when the president can present the budget to the legislators.
Idris said this on Monday while briefing State House Correspondents at the end of the Federal Executive Council (FEC) meeting.
He said there is an ongoing engagement with NASS, saying it is likely that the date for the presentation of the 2025 Appropriation Bill maybe Wednesday.
President Tinubu was initially billed to present the document to NASS on Tuesday.
It will be Tinubu’s second full budget to be presented to the NASS since his assumption of office in May 2023.
On December 3, the Senate approved the 2025-2027 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) with a total spending of ₦47.9 trillion.
The expenditure framework was approved with a new borrowing plan of ₦9.22 trillion, constituting domestic and foreign borrowings.
The MTEF is a projection of the federal government’s three-year spending plan. The nation’s budget is predicated on this framework.
The framework was approved with an exchange rate of ₦1,400 to a dollar and adopted the oil prices of $75, $76.2, and $75.3 per barrel for 2025, 2026, and 2027 respectively.
