2025 budget: It’ll take magic wand to succeed — ASBON
*Funding’ll be a challenge – Financial analysts THE Federal government’s proposed 2025 budget has come under attack by industry groups and analysts who expressed disappointment over the assumptions, benchmarks and figures in the budget. The Lagos Chamber of Commerce and Industry, LCCI, faulted the key parameters and assumptions on which the proposed 2025 budget were based, saying they are too optimistic in the face of current realities. In a statement yesterday, the Director General of LCCI, Dr. Chinyere Almona, said the assumptions of an exchange rate at N1,400 per dollar and inflation rate at 15.8 per cent, in particular, are unrealistic. Her words: “A review of the key parameters and assumptions on which the 2025 budget is being proposed appears to be too optimistic in the face of current realities as recorded in the economic and social indicators. “Particularly, the assumption of an exchange rate at N1,400 is too fragile to work with against the current average of above N1,600 to