President Bola Tinubu has revised the proposed 2025 budget, increasing it from ₦49.7 trillion to ₦54.2 trillion, citing additional revenue generated by key government agencies.

In separate letters to both the Senate and the House of Representatives, the President explained that the budget increase was fueled 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 from other government-owned agencies.

Senate President Godswill Akpabio read the President’s communication during plenary, and the request has been referred to the Senate Committee on Appropriations for immediate review.

The Senate President assured lawmakers that the budget would be finalized and passed before the end of February, signaling that the National Assembly would expedite deliberations to ensure the timely approval and implementation of the 2025 budget.