By Abdullahi Mukhtar Algasgaini
The Nigerian National Assembly has approved the 2025 budget of N54.99 trillion, the largest ever in February, contrary to the usual approval time between January and December in previous years.
The budget includes additional revenue that President Bola Ahmad Tinubu announced from various sectors following the presentation of the national budget in December.
On February 5, President Bola Tinubu increased the 2025 budget presented earlier from N49.7 trillion to N54.2 trillion, justifying the increase with the additional revenue generated by key government agencies.
The President sent a message about the budget revision in various letters directed to the Senate and the House of Representatives, which were read by Senate President Godswill Akpabio in the session today.
The additional budget is a result of increased revenues, including N1.4 trillion from the Federal Inland Revenue Service (FIRS), N1.2 trillion from the Nigerian Customs Service (NCS), and N1.8 trillion from other government agencies.