The 2025 Nigerian budget aims for stability and growth but is hindered by debt obligations and personnel costs. Key sectors like agriculture remain underfunded, and benefits largely favor the elite. Without investment in productive capacity, economic challenges are unlikely to improve.
Nigeria’s 2025 budget, under President Bola Tinubu’s administration, promises to advance economic stability, reduce poverty, and foster growth. However, critical analysis reveals that structural flaws will likely prevent meaningful economic relief. The budget amounts to N54.99 trillion, yet a large share is earmarked for debt servicing, personnel expenditures, and administrative costs, significantly limiting funds available for investment in crucial sectors.
In summary, Nigeria’s 2025 budget, while ambitious, is fundamentally skewed towards debt repayment and administrative costs rather than investment in sectors that could promote sustainable economic growth. The underfunding of agriculture and manufacturing, combined with benefits skewed towards the elite, suggests that unless productive capacity is prioritized, the country will continue to grapple with high unemployment and persistent poverty.
Original Source: iafrica.com
