Senators have raised concerns about the Federal Government’s decision to peg inflation at 15% in the 2025 budget projections, describing it as overly ambitious given the current economic climate.
This follows the presentation by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during a legislative session on the 2025 Appropriation Bill.
Edun, in his address, expressed optimism about Nigeria’s economic direction, highlighting a projected GDP growth rate of 3.5% and increased revenue from both the oil and non-oil sectors.
He also indicated that the economy is having a positive leap. However, senators wondered how the economy could be having a positive
outlook without impacting the populace positively.
They also questioned the feasibility of the inflation target, citing persistent challenges such as exchange rate instability, high interest rates, and rising food…
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