Tinubu Increases 2025 Budget to ₦54.2tn as Revenue Shoots Up

Tinubu Increases 2025 Budget To ₦54.2tn as Revenue Shoots Up Ademola Emmanuel President Bola Tinubu has increased the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing increased earnings from major government institutions.

Tinubu stated that the increase was caused by greater revenue from FIRS, NCS, and other government-owned entities.The President delivered the budget adjustment in separate letters to the Senate and the House of Representatives, which were read in plenary today by Senate President Godswill Akpabio.

President Tinubu attributed the increase to ₦1.4 trillion in new revenue from the FIRS, ₦1.2 trillion from the NCS, and ₦1.8 trillion from other government-owned institutions.Following the announcement, the Senate President forwarded the President’s request to the Senate Committee on Appropriations for immediate consideration.

He reassured lawmakers that the budget will be completed and passed by the end of February.With this development, the National Assembly is likely to expedite its deliberations in order to approve and implement the 2025 budget on time.