Experts Debate Nigeria’s 2025 Budget Process at Caleb University Webinar

At a recent webinar hosted by Caleb University’s Centre for Political Issues and Economic Thoughts, experts presented differing views on Nigeria’s 2025 budget process. The event, held on February 27, featured Prof. Rauf Aregbesola of the University of South Africa and Dr. Abiodun Adedipe, both of whom critically analyzed the federal government’s fiscal plans and its implications for the nation’s socio-economic development.

Themed “Nigeria’s 2025 Budget and Socio-economic Development Agenda: The Way Forward,” the webinar examined the budgetary increase from N49.7 trillion to N54.2 trillion, a move driven by improved revenue generation from key government agencies.

Aregbesola and Adedipe expressed varied perspectives on the efficiency and transparency of the appropriation process. While one expert highlighted the need for strategic allocation of resources to drive economic growth and social welfare, the other raised concerns about fiscal discipline and implementation challenges.

The discussion underscored the importance of accountability, prudent financial management, and sustainable economic policies in shaping Nigeria’s fiscal trajectory for 2025. The event served as a platform for in-depth deliberations on government spending priorities and the broader economic impact of the budget increase.