Tinubu increases 2025 Budget to ₦54.2trn
President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by key government agencies.
The President communicated the budget adjustment in separate letters to both the Senate and the House of Representatives, which were read during today’s plenary by Senate President, Godswill Akpabio.
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According to President Tinubu, the increase stems from an additional ₦1.4 trillion from the Federal Inland Revenue Service (FIRS), ₦1.2 trillion from the Nigeria Customs Service (NCS), and ₦1.8 trillion from other government-owned agencies.
Following the announcement, the Senate President referred the request to the Senate Committee on Appropriations for urgent consideration. He assured lawmakers that the budget would be finalized and passed before the end of February.
This development signals that the National Assembly will expedite deliberations to ensure the timely approval and implementation of the 2025 budget.
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