2025 budget: FG votes N12.4 billion to insure ‘sensitive assets’  

This allocation, highlighted in the budget submitted to the National Assembly in December, is designed to provide financial coverage for key government properties, facilities, and systems that are deemed vital to the nation’s operational stability.

These assets include essential infrastructure, IT systems, and other strategically significant resources, many of which face potential threats ranging from natural disasters to vandalism and cyber-attacks.

President Bola Tinubu on December 18, 2024 presented the “Budget of Restoration” during a joint session of the National Assembly in Abuja.

The budget allocates significant funding to other critical sectors, including infrastructure (N4.06 trillion), education (N3.52 trillion), and health (N2.48 trillion).

One of the most sensitive and critical assets identified for urgent intervention, analysts suggest, is the national grid.

Nigeria’s power sector faced severe challenges in 2024, including a staggering 12 national grid collapses and the destruction of 128 transmission towers, a situation that exposes the fragile state of the nation’s energy infrastructure.

Speaking before the Senate Committee on Power at the National Assembly in Abuja in November, Chief Adelabu outlined the ministry’s response strategy to address the crisis.

The federal government has earmarked a substantial N845,284,513,819 in the 2025 budget to address the financial implications of the recently approved minimum wage increase to N70,000.

Beyond the minimum wage adjustment, the 2025 budget emphasizes several other priority areas requiring substantial funding. These include investments in infrastructure development, healthcare, education, and initiatives aimed at fostering economic growth and job creation.