Tinubu Sparks Mix Feelings as His Government Proposes N47 Trillion Budget for 2025

The Nigerian government, under President Bola Tinubu, has proposed a record-breaking budget of N47 trillion for the fiscal year 2025, a significant increase from the N27 trillion budget in 2024. This proposed budget has triggered mixed reactions from Nigerians, with many expressing frustration over the government’s handling of the economy amid widespread hardship.

The new budget, which represents an unprecedented 74% increase, comes at a time when Nigeria is grappling with inflation, high unemployment rates, and the lingering effects of the removal of the fuel subsidy earlier in 2023. President Tinubu’s administration has promised that the increase will lead to improved infrastructure, social programs, and economic growth. However, many Nigerians are skeptical, questioning the government’s ability to manage the country’s finances effectively.

Citizens have taken to social media and public forums to voice their concerns. Critics argue that the government has not adequately addressed the rising cost of living, which has left many Nigerians struggling to afford basic necessities. “How does the government expect us to survive when prices keep going up, and wages remain the same?” asked one Lagos resident.

Economists have also weighed in, warning that the growing national debt could worsen the country’s financial stability. With the nation’s debt already exceeding N87 trillion, there are fears that borrowing more to finance the 2025 budget could lead to a deeper debt crisis.

Supporters of the budget, however, claim that the increased spending is necessary to revitalize Nigeria’s infrastructure and stimulate the economy. The Tinubu administration maintains that the budget will prioritize job creation, health, education, and security, all critical areas for Nigeria’s development.

As debate continues, many Nigerians remain concerned about the future economic outlook under Tinubu’s leadership.