Nigerian public opinion is divided over the government’s ₦54.99 trillion budget for 2025. Many fear increased borrowing may lead to a debt crisis, while others see potential for national development if funds are wisely used. Concerns are raised regarding healthcare funding, low confidence in budget outcomes, and a strong preference for increasing investment in infrastructure over other sectors.
The Nigerian government has set a budget of ₦54.99 trillion for 2025, a move that has sparked mixed reactions among the public. According to a January 2025 poll by BusinessDay, 50% of respondents see this as a risky decision, fearing increased borrowing and a potential debt crisis. In contrast, 30.8% feel the impact is dependent on spending effectiveness, while 15.4% view it as a commitment to national development. Only 3.8% expressed uncertainty about the budget’s implications.
Concerns over reliance on borrowing dominate discussions about the budget’s sustainability. 42.3% of respondents believe that wise investment of funds could stimulate the economy, yet 30.8% warn that this could worsen debt and financial strain. Additionally, 23.1% think sustainability hinges on improved revenue generation. 3.8% remain unsure about the approach’s future.
The allocation of ₦200 million for healthcare has also drawn criticism, with 46.2% of respondents stating it’s inadequate for the health sector. 42.3% believe the effectiveness of this funding relies heavily on management practices. A mere 7.7% view it as a significant beneficial contribution, and 3.8% are uncertain about its impact.
Confidence in the budget’s ability to address economic challenges is markedly low. Only 7.7% expressed strong confidence, while 15.4% were somewhat confident. A larger 46.2% reported not being very confident, and 30.8% expressed complete lack of confidence in the budget’s capacity to stimulate economic recovery.
When asked which sector should receive increased funding, 46.2% of respondents prioritized infrastructure improvements. Education and healthcare received 26.9% and 23.1% support, respectively, while security was least prioritized, garnering only 3.8% of the vote, indicating a preference for infrastructure over other sectors.
Expectations surrounding the budget’s economic impact reveal mixed feelings. 19.2% anticipate it will foster economic growth and enhance services, while 57.7% foresee a rise in national debt and financial instability. Furthermore, 11.5% worry about inflation and increasing living costs, emphasizing a prevalent sense of economic apprehension.
In terms of revenue generation, perceptions are skeptical. While 23.1% acknowledge government efforts in taxation, 38.5% feel that more needs to be done to bolster local industries. An equal percentage views the progress as lacking significant outcomes thus far, suggesting critical areas for improvement in national economic policy.
The public response to Nigeria’s ₦54.99 trillion budget for 2025 indicates substantial concerns regarding borrowing, funding allocation, and overall economic impact. The majority of individuals express skepticism regarding the government’s ability to manage the funds effectively, highlighting the need for transparency and better management of expenditures. Essential areas for increased funding include infrastructure, education, and healthcare, while calls for diversified revenue sources and effective management of inflation and exchange rates illustrate the desire for a more stable economic future.
Original Source: businessday.ng
