{"id":20866,"date":"2024-11-14T18:30:21","date_gmt":"2024-11-14T18:30:21","guid":{"rendered":"https:\/\/theblogonline.com\/?p=20866"},"modified":"2024-11-14T18:34:41","modified_gmt":"2024-11-14T18:34:41","slug":"federal-government-unveils-ambitious-n47-9-trillion-budget-for-2025-with-bold-economic-targets","status":"publish","type":"post","link":"https:\/\/theblogonline.com\/?p=20866","title":{"rendered":"Federal Government Unveils Ambitious N47.9 Trillion Budget for 2025 with Bold Economic Targets"},"content":{"rendered":"<p>The federal government has proposed N47.9 trillion as the total expenditure for the 2025 budget, reflecting its commitment to economic expansion and stability.<\/p>\n<p>The announcement was made by the <a href=\"https:\/\/nationalplanning.gov.ng\/atikubagudu\/\" rel=\"nofollow noopener\" target=\"_blank\">Minister of Budget and Economic Planning<\/a>, Atiku Bagudu, following the federal executive council (FEC) meeting presided over by President Bola Tinubu.<\/p>\n<p>According to <a href=\"https:\/\/en.wikipedia.org\/wiki\/Abubakar_Atiku_Bagudu\" rel=\"nofollow noopener\" target=\"_blank\">Bagudu<\/a>, the council has approved the medium-term expenditure framework (MTEF) for 2025-2027, which includes key economic indicators.<\/p>\n<p>The government has set the crude oil benchmark at $75 per barrel, with oil production expected to reach 2.06 million barrels per day (bpd).<\/p>\n<p>The exchange rate has been pegged at N1,400 per dollar, and the administration is aiming for a GDP growth rate of 6.4 percent as part of its strategic plan.<\/p>\n<p>This is a developing story.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal government has proposed N47.9 trillion as the total expenditure for the 2025 budget, reflecting its commitment to economic expansion and stability.<\/p>\n","protected":false},"author":1,"featured_media":20868,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[9209,9511,162,151,9510],"class_list":["post-20866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9209","tag-bold-economic-targets","tag-budget","tag-federal-government","tag-n47-9-trillion"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20866"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20866"}],"version-history":[{"count":4,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20866\/revisions"}],"predecessor-version":[{"id":20871,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20866\/revisions\/20871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/20868"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}