By Deborah Nnamdi
Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has asked the National Assembly to increase the proposed 2025 budget from N49.7 trillion to N54.2 trillion.
Reports said that the president conveyed the budget adjustment in separate letters sent to both the Senate and the House of Representatives, which were read during Wednesday’s plenary by the Senate President, “Godswill Akpabio.”
According to the president, the increase was driven by N1.4 trillion in additional revenue from the “Federal Inland Revenue Service,” N1.2 trillion from the “Nigeria Customs Service,” and N1.8 trillion generated by other government-owned agencies.
Following the announcement, Akpabio referred the President’s request to the Senate Committee on Appropriations for urgent consideration.
He assured lawmakers that the budget would be finalized and passed before the end of February.
