President Bola Tinubu has raised the country’s proposed 2025 annual budget to N54.2 trillion from N49.7 trillion.
The increase in the proposed budget size is through separate letters forwarded to both the Senate and the House of Representatives.
The president in the letter read during plenary in the Senate by Senator Godswill Akpabio said the increase arose from N1.4 trillion additional revenues made by the Federal Inland Revenue Service (FIRS), N1.2 trillion made by the Nigeria Customs Service, and N1.8 trillion generated by some other government-owned agencies.
The President of the Senate, consequently directed the request to the Senate Committee on Appropriations for expeditious consideration and declared that the budget consideration would be concluded and passed before the end of this month.
Recall that last December, President Tinubu presented the 2025 budget proposal to the joint session of the National Assembly.
