Finance

Edun Defends N38Bn 2025 Budget For Finance Ministry

By Sunday Etuka, Abuja

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has defended the Ministry’s N38 billion 2025 budget proposal before the House of Representatives Committee on Finance.

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This is coming barely two days after the Senate Committee on Finance approved the Ministry’s N38 billion 2025 budget.

Speaking during the budget defense, the Minister of State for Finance, Dr. Doris Uzoka-Anite, who stood in for Mr. Edun, pointed out that the 2025 budget has been carefully designed to align with national priorities, adding that it focuses on key areas such as economic development, infrastructure enhancement, and sustainable fiscal practices.

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According to the Director, Information and Public Relations of the Ministry, Mohammed Manga, the Minister highlighted the Ministry’s critical role in shaping fiscal policies and fostering economic growth.

She reaffirmed the Ministry’s dedication to building a stable, resilient, and thriving economy in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.

Dr. Doris Uzoka-Anite, who appeared before the House of Representatives Committee on Finance accompanied by the Permanent Secretary of the Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya, and the Ministry’s Directors to present and defend the Ministry’s proposed budget for 2025, assured further that the Ministry will continue to ensure the realization of the policy objectives of government in order to improve the lives of millions of Nigerians.

While presenting a summary of the budget performance for 2024, the Permanent Secretary of the Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya, explained that the Ministry’s 2024 budget had already been largely utilized, primarily on overheads, personnel expenses, and limited capital projects. She added that the proposed 2025 budget includes provisions to address pressing needs.

She explained further that the additional resources will facilitate essential upgrades to the Ministry’s Headquarters, emphasizing the importance of a conducive working environment for enhancing operational efficiency and service delivery.

Following detailed deliberations, the Committee’s Chairman, James Faleke, commended the Ministry’s team for their presentation.

He assured them that the Committee would carefully review the proposal and communicate its decisions in due course.

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