Pat Stevens/
BudgIT Nigeria has raised serious alarm over a N6.7 trillion shortfall in the Federal Government’s 2025 budget, exposing a glaring discrepancy between the Medium-Term Expenditure Framework (MTEF) and the Finance Minister’s claims.
While the MTEF report shows N13.6 trillion revenue collected by July 2025 and N20.39 trillion spent, the Finance Minister insists only N10.7 trillion has been generated, sparking urgent calls for clarity under the hashtag #AskQuestions.
According to the MTEF tables, the total 2025 budgeted revenue was N40.88 trillion, with pro-rata figures up to July expected at N23.85 trillion.
Actual revenue, however, lagged far behind at N13.65 trillion.
Retained revenue from oil and non-oil sources totalled N12.36 trillion, while earnings from oil-related activities such as dividends, rents, and royalties fell significantly below projections.
Expenditure by mid-year had reached N20.39 trillion, including N5.99 trillion spent on non-debt recurrent costs and N3.81 trillion on debt servicing.
Capital expenditure, covering infrastructure, equipment, and other developmental projects, also fell short of pro-rata estimates.
The result is a glaring N6.7 trillion gap between revenue and spending, raising urgent questions about how the government plans to bridge the deficit.
BudgIT’s intervention reflects growing concern over transparency and fiscal management in 2025.
Analysts warn that unresolved discrepancies could erode public trust in government finances and disrupt the funding of essential programmes, making reconciliation between the Budget Office and the Finance Ministry critical.
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