Economy
2025 Budget: Sule presents N382.57 billion, says it’s for growth, stability
The Governor of Nasarawa State in the North Central Nigeria, Abdullahi Sule on Friday presented the 2025 budget to the tune of N382.57 billion for the fiscal year to the State House of Assembly, saying it is for growth and stability of the State during his second tenure of office.
Dubbed the “Budget of Economic Growth and Stability,” the proposal allocated N159.97 billion (41.82%) to recurrent expenditure and N222.60 billion (58.18%) to capital projects. Speaker of the Assembly, Rt. Hon. Danladi Jatau, who received the budget, assured the governor of its swift passage.
Gov. Sule outlined the sectoral breakdown of the budget to indicate that administrative Sector got N80.14 b, Economic Sector recirved N139.84b, Law and Justice Sector N10.61b and Social Sector N151.97billion.
“This budget is designed to strengthen recovery and drive growth in key sectors such as education, health, agriculture, infrastructure, security, and technology,” Sule stated.
The governor reaffirmed his administration’s commitment to implementing the new minimum wage, acknowledging the challenges posed by the current economic climate.
“We are awaiting the report from the Minimum Wage Committee, chaired by the Deputy Governor, and once received, the government will act swiftly to implement its recommendations,” he assured.
Gov. Sule pledged to focus heavily on infrastructure, peace, and security, while also enhancing the state’s capacity for revenue generation, particularly through solid minerals exploration.
He assured the Assembly and the people of Nasarawa of the full implementation of the budget once it is passed.
Speaker Jatau praised the governor’s dedication to economic development and pledged the Assembly’s full cooperation in ensuring the budget is passed promptly.
“The Assembly is committed to supporting Gov. Sule’s vision for Nasarawa State’s growth and will ensure the budget is passed without delay,” he stated.
The 2025 budget marked another step in Nasarawa’s path toward economic resilience, with a focus on sustainable development and improved living standards for its citizens.