We recently hosted a budget roundtable seminar, where experts and stakeholders gathered to discuss the 2025 budget’s impact on Nigeria’s economy and infrastructure. Our keynote speaker, Biodun Adedipe, a renowned economist with over four decades of experience, led the discussion. He was joined by panelists Dr. Chinyere Almona, Prof. Francis Iyoha, and Prof. Sheriffdeen Tella, who brought their expertise to the table.

The seminar highlighted the budget’s far-reaching implications for Nigeria’s economy and infrastructure. While the 2025 budget projects a 3.5% GDP growth rate and 11.5% inflation rate, participants raised concerns about:

• Over-reliance on oil revenues: Vulnerability to global oil price fluctuations.
• Insufficient investment in human capital: Need for increased funding in education and healthcare.
• Potential for increased income inequality: Concerns about the impact of proposed tax reforms.

Regarding infrastructure development, the budget allocates significant funds to:

• Transportation: Roads, bridges, and public transportation.
• Energy: Power generation and distribution.
• Housing: Affordable housing initiatives.

While welcoming these investments, participants emphasized the need for:

• Improved project management: Effective oversight and timely completion.
• Prioritizing maintenance and rehabilitation: Balancing new projects with existing infrastructure needs.
• Driving economic growth and job creation: Potential for infrastructure development to stimulate rural economies.

In conclusion, the 2025 budget has the potential to drive significant economic growth and development infrastructure development in Nigeria. However, its success depends on careful implementation, inclusive and sustainable development, and continued stakeholder engagement.