NEWS

Tinubu Increases 2025 Budget To N54.2tn

President Bola Tinubu has officially requested the Senate to raise the 2025 budget from N49.7 trillion to N54.2 trillion.

Senate President Godswill Akpabio read the letter during Wednesday’s plenary session.

The proposed increase is attributed to additional revenues, including:

  • N1.4 trillion from the Federal Inland Revenue Service (FIRS)
  • N1.2 trillion from the Nigeria Customs Service
  • N1.8 trillion from other government-owned agencies

Senate President Akpabio referred the request to the Senate Committee on Finance and Appropriations for prompt review, stating that the budget would be finalized and passed by the end of February.

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