Review 2025 Budget Now, Lagos Chambers of Commerce Tells FG.
The Lagos Chamber of Commerce And Industry has called on the Federal Government to urgently review the assumptions behind the 2025 National Budget as the global oil price decline weakens economic prospects.
Director-General of the Chamber, Dr Chinyere Almona, on Thursday in Lagos, warned that the sharp drop in global crude oil prices below the Federal Benchmark of $75 per barrel could erode Nigeria’s fiscal stability and derail budget implementation.
The government should get stricter with cutting the cost of governance within adjusted budget assumptions that reflect current reality.
