President Tinubu has raised the proposed 2025 budget from N49.7 trillion to N54.2 trillion.
According to President Tinubu, the increase was driven by N1.4 trillion in additional revenue from the Federal Inland Revenue Service (FIRS), N1.2 trillion from the Nigeria Customs Service (NCS), and N1.8 trillion generated by other government-owned agencies.
The Senate President has referred the President’s request to the Senate Committee on Appropriations for urgent consideration. He assured lawmakers that the budget would be finalised and passed before the end of February.
With this development, the National Assembly is expected to fast-track deliberations to ensure timely approval and implementation of the 2025 budget.