Nigeria's 2025 defense budget sees an increase over the 2024 allocation. President Tinubu says the funds will be used to boost the military's capabilities and tackle ongoing security challenges.
Nigerian President Bola Tinubu has proposed a defense and security budget of 4.91 trillion naira (about $3.16 billion) for 2025, marking an increase from the 3.85 trillion naira allocated in 2024. He presented the proposal to the National Assembly in Abuja on December 18.
My full 2025 Budget Presentation address to the Joint Session of the Nigerian National Assembly pic.twitter.com/pue1NsYsT1
— Bola Ahmed Tinubu (@officialABAT) December 18, 2024
Tinubu explained that the funds will be used to acquire advanced tools and technologies to enhance the operational capabilities of security agencies. The goal is to address security threats like insurgency, banditry, and terrorism. He stressed that Nigerians should never live in fear—whether on farmlands, highways or cities. "By restoring peace, we restore productivity, revive businesses, and rebuild communities," he said.
Beyond security, the 2025 budget also focuses on key sectors like infrastructure, education, and healthcare. Nigeria continues to struggle with widespread insecurity, including kidnappings, extremist insurgencies, banditry, communal conflicts, and political violence. From May 2023 to April 2024, around 4.14 million households were impacted by kidnappings, with ransom payments totaling 2.23 trillion naira. Over the same period, nearly 51.89 million criminal incidents were recorded, with the north-western region being the hardest hit, according to the Nigerian Bureau of Statistics.
In response, the government is rolling out initiatives to improve the military’s operational capabilities and collaborating with international partners to tackle the root causes of insecurity. In October 2024, the Federal Executive Council approved a loan of $618 million to enhance the country’s air defense. In 2023, Tinubu also called on the United Nations to support Nigeria’s fight against terrorism, stressing its damaging impact on community development and stability.
The total budget for 2025 is set at 47.9 trillion naira (around $31 billion). Tinubu emphasized that this budget demonstrates Nigeria’s commitment to building a "robust" economy while investing in essential sectors for growth and development.
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
World Bank to mobilize $550 million for Kenya road project Project to upgrade 508 km, boosting regional trade links Corridor to cut...
Egypt signs deal on $100 million dry port with EDECS, MEDLOG Facility aims to ease port congestion, shift freight from road to...
NSIA Banque CI, OEC-CI sign three-year SME support partnership Deal offers financing, training, and support for accountants and SMEs Aims to improve...
This week in Africa, health news highlights progress in kidney disease research, new investments in health security, and efforts to strengthen...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...