Public Management

Nigeria Proposes $3.16bn for Defense and Security in 2025

Nigeria Proposes $3.16bn for Defense and Security in 2025
Friday, 20 December 2024 18:19

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.

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.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. Holmarcom already owns 2.41% of BMCI and acquired...
Senegal approves payment for its capital subscription to the African Energy Bank (AEB) APPO says the contribution brings the bank “closer to...
Ethiopia may receive about US$261 million once the review is approved. The ECF programme supports the country’s Homegrown Economic Reform (HGER)...
IFC considers €75.25 million investment in cocoa processor Guan Chong Funds to expand cocoa processing plant in Côte d’Ivoire Project...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...

Benin Government Says Attempted Coup Against President Talon Has Been Foiled
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.