In an ambitious move to alleviate poverty and enhance living standards, the Federal Government and 35 states in Nigeria have unveiled a proposed budget of N74.249 trillion for 2025. This significant sum reflects a commitment to tackling economic challenges and driving development. However, Rivers State, grappling with political instability, and the Federal Capital Territory (FCT), Abuja, are yet to announce their budgets. Key Allocations: Capital vs. Recurrent Expenditure The proposed budget allocates N35.68 trillion (48.05%) to capital projects aimed at infrastructure and development, while N38.57 trillion (51.95%) is designated for recurrent expenditures, including salaries and overheads. Despite this, legislative approval and potential supplementary appropriations could see these figures rise by the end of 2025. Notably, most states prioritized capital expenditure, with the exception of Ekiti, Osun, and the Federal Government. Federal Budget Breakdown: Top and Least Spenders Heavy spenders include Lagos (N3.005 trillion), Niger (N1.5 trillion), Ogun (N1.05 trillion), Delta (N979.2 billion), Enugu (N971.8 billion), and Akwa Ibom (N955 billion). In contrast, the least spenders are Gombe (N320.11 billion), Yobe (N320.81 billion), Ekiti (N375.79 billion), Nasarawa (N382.57 billion), and Ebonyi (N396.59 billion). Regional Comparisons By region, the South-West leads with a combined budget of N6.20 trillion, while the North-East lags behind at N2.61 trillion. Lagos, the nation’s economic hub, stands out with a proposed budget of N3.005 trillion, surpassing the combined budget of six North-Eastern states (Adamawa, Bauchi, Borno, Gombe, Taraba, and Yobe) at N2.61 trillion. Interestingly, Lagos’ budget is just N476 billion shy of the combined budgets of five South-Eastern states (Abia, Anambra, Ebonyi, Enugu, and Imo) at N3.48 trillion. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
