2025 Budget Delay: Tinubu’s economic policies on track, says Agbese

The deputy spokesman of the House of Representatives, Philip Agbese, has lauded President Bola Tinubu’s administration for its focus on transparency and sustainable economic growth, dismissing criticism over delays in implementing the 2025 budget.
While speaking to journalists at the National Assembly complex on Friday, Mr Agbese also commended the leadership of the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu.
He described Mr Bagudu’s efforts as meticulous in planning to align Nigeria’s economy with current realities.
The 2025 budget, signed into law in December 2024, earmarked N4.91 trillion for defence, N4.06 trillion for infrastructure, N3.5 trillion for education, and N2.4 trillion for health.
Eight months into the fiscal year, delays in the capital component have slowed projects, prompting public frustration and calls for an extension into 2026.
Mr Agbese, however, said the National Assembly had monitored implementation and remained optimistic.
“Some see delays, but I see diligence and how Bagudu masterminds fiscal responsibility, verifying expenditures to align with global standards,” he said.
He assured that the minister’s work was paving the way for a seamless rollout by late September, crediting Mr Bagudu with transformative reforms.
“Bagudu ensures our budget meets fiscal plans, addresses critical needs like infrastructure and healthcare, and builds a resilient future for generations,” he said.
The lawmaker pointed to Mr Tinubu’s reforms, including fuel subsidy removal and the unification of exchange rates, which he said contributed to a 3.46 per cent GDP growth in Q3 2024 and rising foreign reserves.
The lawmaker said this shows that “the government is delivering results, not rhetoric.”
Mr Agbese also dismissed the U.S. Department of State’s 2025 Fiscal Transparency Report, which flagged Nigeria for weak procurement processes, describing it as outdated.
“Our Open Contracting Portal offers real-time bid access, and the Bureau of Public Procurement enforces strict tendering rules. Contract awards under Tinubu follow the Procurement Act and are open to global scrutiny,” he said.
He added that Mr Bagudu had empowered citizens to flag irregularities, while lawmakers’ oversight confirmed accountability in budget execution.
Mr Agbese urged Nigerians to trust the administration, assuring that visible results would be evident before the end of the year.
“By December, expect roads, schools, and hospitals to transform communities. With leaders like Bagudu, Nigerians will soon see tangible change: new infrastructure, better education, and improved healthcare uplifting lives nationwide,” he said.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Faith
FCC builds couples’ confidence in maternal health in Kaduna
The Faith and Cultural Champions project has equipped couples in six council areas of Kaduna with communication skills to promote open dialogue and joint decision-making.

States
Court jails three drug offenders in Enugu
Three first-time drug offenders were sentenced to eight months’ imprisonment each after they pleaded guilty to separate charges of unlawful possession of illicit drugs.

Africa
20 children killed in school bus crash in Uganda
A school bus carrying pupils veered off the road in eastern Uganda on Thursday, killing 20 schoolchildren and a teacher in Kapchorwa district.

Diaspora
Beyond Nollywood: List of Nigerian actors who light up Hollywood
Nigerian actors and actresses, whether born in the diaspora or raised abroad, have become household names in Hollywood.

Anti-Corruption
How Nigerians Anthony Ikenwe, Kevin Nwamma pulled off multimillion-pound crypto heist in UK, end in jail
Messrs Ikenwe, Nwamma and one other crook were living lavish lifestyles, buying cars, designer clothes, and Rolexes, and going on numerous luxury holidays.

Education
UNICEF praises Nigerian government for rescuing kidnapped Oriire schoolchildren
UNICEF has commended the Nigerian government for rescuing 39 abducted schoolchildren and five teachers in Oyo state.





