nigerias 2025 budget

OPEC has reported Nigeria’s crude oil output at 1.544 million barrels per day (bpd) for May 2025, well below the 2.06 million bpd benchmark set in the federal budget. Coupled with global oil prices hovering at $73 per barrel, $2 short of Nigeria’s $75 projection, this raises fresh doubts about...

Civic-tech group BudgIT says the National Assembly inserted over 11,000 politically-motivated projects into Nigeria’s 2025 budget, totaling N6.93 trillion, undermining planning, transparency, and fiscal responsibility. Over N2.29tn allocated to 238 mega-projects; many lacked clarity, oversight...