President Bola Tinubu
By Akeem Atoyebi
President Bola Tinubu has upped the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, saying additional revenues generated by key government agencies necessitated the raise.
The President relayed 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.
Tinubu noted that the raise i was propelled by ₦1.4 trillion in additional revenue from the Federal Inland Revenue Service, ₦1.2 trillion from the Nigeria Customs Service and ₦1.8 trillion generated by other government-owned agencies.
He gave assurances to lawmakers that the budget would be worked on and passed before the end of February.
Details later…
