2025 #50 TRILLION BUDGET: Edun Unveils Plans For 2027 Sustainable Growth and Poverty Reduction For Nigeria

Chief Olawale Edun 
Minister of Finance and Coordinating Minister of the Economy 

"To achieve this goal, the government has implemented subsidy reforms, which have stabilized the macroeconomic environment, reducing the fiscal deficit to 4.4% and debt service-to-revenue ratio from 149% in 2023 to 67%." Wale Edun 

A comprehensive economic plan for sustainable growth development for the country has been unveiled by Nigeria's Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.

This is said to be a significant move that would drive Nigeria's economic growth and ensure poverty reduction.

According to Edun, in a statement issued and signed by Mohammed Manga, Director Information and Public Relations Department of the Ministry, "The plan includes a ₦50 trillion budget for 2025, with a focus on strategic investments and robust reforms.

Delivering a comprehensive address during the citizen and stakeholders engagement session, held at the Ministry's Auditorium, Abuja, the Minister emphasized President Bola Ahmed Tinubu's commitment to economic reform, targeting sustained, inclusive growth to lift millions of Nigerians out of poverty.

To achieve this goal, the government has implemented subsidy reforms, which have stabilized the macroeconomic environment, reducing the fiscal deficit to 4.4% and debt service-to-revenue ratio from 149% in 2023 to 67%. Foreign reserves have also grown significantly, reaching $42 billion.

The plan focuses on several key sectors, including; Energy, Agriculture, Industry, and Social Protection. Investments in compressed natural gas, LPG, and renewable energy are accelerating, while efforts to achieve food security include large-scale farming programs. Nigeria is also leveraging its digital economy, with startups dominating Africa's unicorn landscape.

Looking ahead, the government projects a ₦50 trillion budget for 2025, with ₦35 trillion in expected revenue, nearly doubling 2024 levels. Investment remains crucial, with a $20 billion target needed by 2027 to drive growth.

With this comprehensive plan, Nigeria is poised to achieve sustainable growth and poverty reduction, improving the quality of life for all Nigerians.