By Abdullahi Mukhtar Algasgaini
President Bola Tinubu has revised the proposed 2025 national budget, increasing the total size from N49.7 trillion, initially presented to the National Assembly on December 18, 2024, to N54.2 trillion.
The President communicated the budget adjustment through separate letters addressed to both the Senate and the House of Representatives.
The letters, read during plenary in the Senate by Senator Godswill Akpabio, highlighted that the increase was due to additional revenues totaling N4.4 trillion.
These funds were generated by various government agencies, including N1.4 trillion from the Federal Inland Revenue Service (FIRS), N1.2 trillion from the Nigeria Customs Service, and N1.8 trillion from other Government-Owned Agencies.
In response, the President of the Senate, Ahmad Lawan, directed the Senate Committee on Appropriations to consider the proposed changes expeditiously.
Lawan further assured that the budget would be concluded and passed by the end of the month.