The World Bank has flagged Nigeria’s N54.99tn 2025 budget as overly ambitious, warning of likely shortfalls and a possible return to CBN’s Ways and Means financing. It questioned oil output and revenue assumptions, urging deeper reforms, removal of electricity subsidies, and fiscal discipline.
Budget Minister Abubakar Bagudu disagreed, calling the projections modest and aligned with Nigeria’s capacity. He argued that budgets should reflect national potential, not present limitations.
Despite the warnings, officials highlighted revenue growth, rising investor interest, and reforms aimed at hitting Nigeria’s $1tn economy target by 2030.
