Tinubu increases proposed 2025 budget from N49.7tn to N54.2tn

Date:

By Musa Baba Adamu

President Bola Tinubu has increased the proposed total budget size for 2025 from N49.7teillion he presented to the joint session of the National Assembly on December 18, 2024 to N54.2trillion .

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 the letter read during plenary in the Senate by Senator Godswill Akpabio , said the increase arose from N1.4trilliion additional revenues made by the Federal Inland Revenue Service ( FIRS ) , N1.2trillion made by the Nigeria Customs Service , N1.8trilliion generated by some other Government Owned Agencies .

READ MORE  Osun defeat: Gov Oyetola consults APC, refuses to congratulate Sen. Adeleke

The President of the Senate consequently directed the request to the Senate Committee on Appropriations for expeditious consideration and declared that the budget consideration , would be concluded and passed before the end of this month.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

NUJ FCT Mourns Dr. Jophia Nanker Gupar: Champion for Women and the Vulnerable

The Nigeria Union of Journalists (NUJ) FCT Council has...

NERDC extends 2026 textbook submissions deadline to August 7

Mariam Abeeb The Nigerian Educational Research and Development Council...

Zaki Biam killings: LPDC suspends Gadzama, Ulegede over FG’s N8b settlement

By Vivian Okejeme   A Senior Advocate of Nigeria (SAN), Chief Joe...

“Replace Tinubu with me in 2027” – Ameh urges APC

By Haruna Salami   A retired Superintendent Route Commander of the Federal...