President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by key government agencies.
The Senate President, Godswill Akpabio, read the budget adjustment in separate letters that the President sent to the House of Representatives and the Senate.
According to President Tinubu, the increase was driven by ₦1.4 trillion in additional revenue from the Federal Inland Revenue Service (FIRS), ₦1.2 trillion from the Nigeria Customs Service (NCS), and ₦1.8 trillion generated by other government-owned agencies.
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Following the announcement, the Senate President has referred the President’s request to the Senate Committee on Appropriations for urgent consideration.
He promised to pass the budget by the end of February, making sure it was approved.
Source: Channels TV
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