Tinubu Increases 2025 Budget To ₦54.2tn

President Bola Tinubu has increased the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, attributing the rise to additional revenue generated by key government agencies.

The President communicated this adjustment in separate letters to both the Senate and the House of Representatives, which were read during plenary by Senate President Godswill Akpabio.

According to President Tinubu, the budget increase is due to ₦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 President’s request to the Senate Committee on Appropriations for urgent consideration.

He reassured lawmakers that the budget would be finalized and passed before the end of February.

This move is expected to prompt the National Assembly to expedite deliberations to ensure the 2025 budget is approved and implemented on time.

 

Hot this week

Ex-PDP Chairman, Others Defect To APC [PHOTOS]

The former acting chairman of the Peoples Democratic Party...

Tuface Proposes To Edo Lawmaker Natasha Osawaru [VIDEO]

A viral video on Thursday showed the moment music...

National Grid Collapses Again

The national grid has collapsed once again, leaving millions...

PDP Loses Another Rep Member To APC

Another member of the Peoples Democratic Party (PDP) in...

Benefits Of Eating Pap

Corn pap, also known as akamu, ogi, koko, or...

Topics

Ex-PDP Chairman, Others Defect To APC [PHOTOS]

The former acting chairman of the Peoples Democratic Party...

Tuface Proposes To Edo Lawmaker Natasha Osawaru [VIDEO]

A viral video on Thursday showed the moment music...

National Grid Collapses Again

The national grid has collapsed once again, leaving millions...

PDP Loses Another Rep Member To APC

Another member of the Peoples Democratic Party (PDP) in...

Benefits Of Eating Pap

Corn pap, also known as akamu, ogi, koko, or...

According To A Dietitian, These Are 6 Best Foods To Eat For Fertility

Trying to conceive can be an exciting and hopeful...

Who Is Natasha Osawaru?

Her name is Natasha Irobosa Osawaru, but people call...

UNIZIK Vows Sanction As Female Student Allegedly Bite Lecturer

The management of Nnamdi Azikiwe University (UNIZIK) in Awka,...

Related Articles

Popular Categories