According to the President, he increased the budget, given rise in the revenue generated by different government agencies.
President Bola Tinubu has increased the 2025 Nigerian budget by over N4trillion.
According to the President, he increased the budget, given rise in the revenue generated by different government agencies.
By this effect, the budget was raised from the earlier proposed figure of ₦49.7 trillion to ₦54.2 trillion. This would mean extra additions of N4.5 trillion.
The President conveyed 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.
According to Tinubu, the budget increase was emboldened 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.
The Nigerian Senate promised to deliberate on the budget and pass it by end of February.
With the new figure, Nigeria plans to spend about twice its 2024 budget estimates, having proposed N27.5 trillion in 2024.
