Tinubu Increases 2025 Budget to ₦54.2 Trillion

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

In separate letters sent to both the Senate and the House of Representatives, Tinubu communicated the budget adjustment. These letters were read during Wednesday’s plenary by Senate President Godswill Akpabio.

Tinubu explained that the increase was due to ₦1.4 trillion in additional revenue from the Federal Inland Revenue Service, ₦1.2 trillion from the Nigeria Customs Service, and ₦1.8 trillion generated by other government-owned agencies.

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Following the announcement, Akpabio referred the President’s 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.