President Bola Tinubu has increased the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues from key government agencies.
The President communicated this budget revision in separate letters to both the Senate and the House of Representatives, which were read out during today’s plenary by Senate President, Godswill Akpabio.
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According to President Tinubu, the budget adjustment was made possible by an extra ₦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 agencies.
Following the announcement, the Senate President referred the request to the Senate Committee on Appropriations for urgent review, assuring lawmakers that the budget would be finalized and passed by the end of February.
This move prompts the National Assembly to expedite discussions to ensure the prompt approval and implementation of the 2025 budget.
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