The Federal Ministry of Finance has reiterated its commitment to driving Nigeria’s development priorities through strategic resource allocation and prudent financial management.
This was disclosed during the ministry’s 2025 budget defence before the House of Representatives Committee on Finance in Abuja.
The Minister of State for Finance, Dr. Doris Uzoka-Anite, who represented the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, emphasized that the 2025 budget aligns with the nation’s priorities.
She highlighted key focus areas, including economic growth, infrastructure development, and sustainable fiscal practices.
Uzoka-Anite assured that the budget was designed to support the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration. “We are committed to fostering a stable, resilient, and thriving economy to improve the lives of millions of Nigerians,” she stated.
Accompanied by the Permanent Secretary of the ministry, Mrs. Lydia Shehu Jafiya, and key directors, Uzoka-Anite presented the proposed budget, emphasizing its role in achieving the government’s policy objectives.
Mrs. Jafiya provided a performance overview of the 2024 budget, noting that most of it was utilized for overheads, personnel expenses, and limited capital projects. She explained that the 2025 proposal included provisions for critical upgrades to the ministry’s headquarters to enhance operational efficiency and service delivery.
The Chairman of the House Committee on Finance, Honourable James Faleke, lauded the ministry’s presentation and assured that the committee would thoroughly review the proposal. He acknowledged the ministry’s vital role in ensuring fiscal stability and sustainable development.
The session concluded with a commitment from all stakeholders to ensure that the 2025 budget effectively supports Nigeria’s economic priorities and fosters greater prosperity for citizens.