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The Federal Executive Council (FEC) has approved the 2025 appropriation bill projected at approximately 47.96 trillion Naira, reflecting a 36.8% increase from the previous year. President Tinubu is set to present this budget to the National Assembly, albeit now postponed to December 18, following administrative discussions. The delay raises questions about the feasibility of maintaining a one-year budget cycle close to the year's end.
Meanwhile, the FEC also launched plans for the Presidential Power Initiative, reflecting a broader commitment to enhancing national infrastructure.