WATCH THE VIDEO HERE Olusegun Alebiosu, CEO of FirstBank Group, has expressed optimism that the proposed N49.7 trillion 2025 budget will provide sufficient economic stimulus for households and businesses in Nigeria. Speaking on Wednesday at the Nigeria Economic Outlook 2025 event, themed “Nigeria 2025: Path to Economic Rebound & Recovery,” Alebiosu highlighted early indicators suggesting that the country’s economy will improve in 2025 compared to the previous year. He noted that the impacts of some of the painful reforms pursued by the government had exerted considerable strain on household and corporate incomes in 2024, with inflation reaching a three-decade high of 34.60% in November 2024. However, he emphasized that 2025 looks more promising. “The Government’s proposed NGN49.7 trillion 2025 budget is expected to provide sufficient economic stimulus in view of the lower likelihood for poor budget implementation due to improving the Government’s revenue position,” Alebiosu stated. The National Assembly is expected to pass the 2025 budget in the first week of February. The joint committee on appropriation of the two chambers of the National Assembly will present their report on the N49.7 trillion 2025 Appropriation Bill for consideration and approval on January 31.
2025 Budget Expected to Provide Sufficient Economic Stimulus – FirstBank CEO
