Tinubu Increases 2025 Budget From ₦49.7trn To ₦54.2trn

President Bola Tinubu has revised the proposed 2025 budget, raising it from ₦49.7 trillion to ₦54.2 trillion. The adjustment comes in response to increased revenue generated by key government agencies.

In separate letters addressed to the Senate and the House of Representatives, Tinubu detailed the revenue boost, which includes ₦1.4 trillion from the Federal Inland Revenue Service (FIRS), ₦1.2 trillion from the Nigeria Customs Service, and ₦1.8 trillion from other government-owned agencies.

The letters were read during Wednesday’s plenary by Senate President Godswill Akpabio.

Following the announcement, Akpabio referred the President’s proposal to the Senate Committee on Appropriations for swift review. He assured lawmakers that the budget would be finalized and passed before the end of February.

With this development, the National Assembly is expected to fast-track deliberations to ensure timely approval and implementation of the 2025 budget.