NASS Greenlights 2025 Finance Ministry Budget, Edun Declares Economic Revival

Edun made this statement on Monday in Abuja during the 2025 budget defense session with the Senate Committee on Finance.

A statement by the Ministry’s spokesperson, Mohammed Manga, revealed that Edun was accompanied by the Minister of State for Finance, Dr. Doris Uzoka-Anite; the Permanent Secretary, Mrs. Lydia Shehu Jafiya; the Accountant General of the Federation, Dr. Oluwatoyin Sakirat Madein; and other top Ministry officials.

During his presentation, Edun highlighted the Bola Tinubu-led administration’s efforts to stabilize the economy through critical reforms and fiscal policies. He pointed to key initiatives such as the liberalization of the foreign exchange market, deregulation of petroleum pricing, and expansion of domestic refining capacity.

While acknowledging the challenges posed by these reforms, Edun emphasized their transformative potential, stating:
“These measures are driving fiscal stability, reducing inefficiencies, and creating a more sustainable economic framework. Though the reforms may cause short-term discomfort, their long-term benefits will include job creation, poverty reduction, and greater economic resilience.”

He also reiterated the government’s commitment to infrastructure development, particularly in digital networks and energy, to boost productivity and attract private sector investments.

The Senate Committee on Finance approved the Ministry’s ₦38 billion 2025 budget and commended its leadership for maintaining fiscal discipline and fostering economic recovery.

Edun expressed optimism about Nigeria’s economic future, saying,
“These reforms will transform the country’s economic landscape and improve the standard of living for its citizens.”