Tinubu urges Senate to increase 2025 budget from N49.7trn to N54.2trn

President Bola Tinubu on Wednesday wrote the Senate, requesting an increase in the 2025 budget from N49.7 trillion to N54.2 trillion.

The letter of request was read during plenary session by Senate President Godswill Akpabio.

Tinubu attributed the need for the increase to additional revenues generated by key government agencies.

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According to the president, the amount and the agencies include, N1.4trillion from the Federal Inland Revenue Service (FIRS), N1.2 trillion from the Nigeria Customs Service, and N1.8trillion from other government-owned agencies

Senate President 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.