President Bola Tinubu has proposed a budget increase to N54.2 trillion for the year 2025, up from the initial N49.7 trillion.
The additional funds come from increased revenues generated by various government agencies, including the Federal Inland Revenue Service, Nigeria Customs Service, and other government-owned entities.
During a Senate plenary session, Senator Godswill Akpabio read the President’s letter detailing the budget increase.
The President of the Senate directed the Senate Committee on Appropriations to promptly review the request and ensure the budget is passed before the end of the month.
It is worth noting that President Tinubu had presented the original 2025 budget proposal to the National Assembly in December.
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