The plan includes ₦9.22 trillion in new borrowing to finance the deficit, with an oil benchmark of $75 per barrel, production at 2.06 million barrels per day, and an exchange rate of ₦1,400 to the dollar.
The framework, presented by the Ministry of Budget and Economic Planning, projects GDP growth of 4.6% in 2025. It also emphasizes fiscal reforms, including sustaining market deregulation for petroleum prices and urging the Nigerian National Petroleum Corporation Limited (NNPCL) to reduce production costs.
