President Bola Tinubu has revised the proposed 2025 federal budget, raising it from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by key government agencies.
In separate letters to both the Senate and the House of Representatives, the President outlined the budget adjustment, which was read during Wednesday’s plenary by Senate President Godswill Akpabio.
Tinubu explained that the increase was driven by ₦1.4 trillion in additional revenue from the Federal Inland Revenue Service (FIRS), ₦1.2 trillion from the Nigeria Customs Service (NCS), and ₦1.8 trillion generated by other government-owned agencies.
Following the announcement, Akpabio referred the President’s request to the Senate Committee on Appropriations for urgent consideration.
He reassured lawmakers that the budget would be finalized and passed before the end of February.
