of the ambitious revenue targets that are in there.”
Also speaking at the event, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, faulted the World Bank’s claim that Nigeria’s 2025 budget is overly ambitious, insisting that the projections are modest and aligned with the country’s growth capacity.
“Is the projection of the 2025 budget ambitious? No, they are not,” the minister said. “They are all modest. Because even in the presentation, two things were said — some oil prices are about $60, but the average for Nigeria is $73 because of our premium grades.”
He argued that budgets should be aspirational and not constrained by present challenges.
