President Bola Tinubu has increased the proposed total budget size for 2025 from N49.7 trillion he presented to the joint session of the National Assembly on December 18, 2024 to N54.2 trillion.
President Tinubu announced an increase in the proposed budget size through separate letters forwarded to both the Senate and the House of Representatives.
The President, in a 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, N1.8 trillion generated by some other Government Owned Agencies.
Meanwhile, the Nigerian Senate President, Godswill Akpabio has assured that the 2025 budget will be transmitted to President Bola Tinubu before the end of February.
Speaking during the Plenary, Senator Akpabio emphasized the commitment of the Senate to ensuring a seamless budgetary process.
The Nigerian Senate President praised his colleagues for their diligence in scrutinizing the budget, noting that their efforts will result in a practical financial plan for Nigeria.
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