Tinubu seeks Senate approval to raise 2025 budget to N54.2trn

President Bola Tinubu has formally written to the Senate requesting an increase in the 2025 budget from N49.7 trillion to N54.2 trillion, that is an additional N4.5 trillion.

Senate President Godswill Akpabio, who read Tinubu’s letter during plenary session on Wednesday, said the proposed increase stemmed from additional revenues of N1.4 trillion from the Federal Inland Revenue Service (FIRS), N1.2 trillion from the Nigeria Customs Service, and N1.8 trillion generated by other government-owned agencies.

Akpabio directed the request to the Senate Committee on Finance and Appropriations for swift consideration, adding that the budget deliberation would be concluded and passed before the end of February.

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