Highlights from the NISER-NES Seminar on the Impact of the 2025 Budget on the Business and Economic Sectors

On Thursday, March 6th, the Nigerian Institute of Social and Economic Research and the Nigerian Economic Society organized a one-day seminar on the theme: Impact of 2025 Budget on Business and Economic Sectors. The event took place at the Ijewere Hall, Chartered Institute of Bankers in Nigeria, Victoria Island, Lagos. Participants joined in on-site and online
In her opening comments, the NISER Director-General, Prof. A.T. Simbine, welcomed guests and highlighted the importance of meetings such as these. The Chairman of the day, Mr. Mosopefolu George (Honourable Commissioner, Lagos State Lagos State Ministry of Economic Planning and Budget),  ably represented by Mr Olufemi Orojinni, in his opening remarks, also welcomed participants to the event.
These were swiftly followed by the presentation of the day by Dr Muda Yusuf (CEO, Centre for the Promotion of Private Enterprise). In his detailed presentation he outlined the purpose and nature of the budget, and explained the implementation concerns that have arisen in its wake. He highlighted key policy concerns for businesses, outlined the implications of tax reforms on the business outlook in 2025, and also shared insights on adapting to the changing economic and business landscape.
The presentation was followed by a discussion session with Prof Salamatu Isah (Department of Economics, Ahmadu Bello University), Prof. Risikat Dauda (Head, Department of Economics, University of Lagos), and Dr. Patrick Ejumedia (Head of Research, SAMTL (Sterling Asset Management & Trustees Ltd ), under the moderation of Dr. Faith Iyoha.

The Permanent Secretary of Federal Ministry of Budget and Economic Planning, Dr. Emeka V. Obi, also joined the event online to share his thoughts and support.

In his closing remarks, Prof Adeola Adenikinju (President, Nigerian Economic Society) noted the importance of the visibility of economists in the national economic discourse, encouraging economists to not be silent.

Click here to access the presentation by Dr Muda Yusuf.