**** As National Assembly Targets Feb. 28 For Passage
President Bola Tinubu on Wednesday proposed an increase of N4.5 trillion on the N49.7 trillion he earlier proposed as the 2025 budget, bringing the total figure to N54.2trillion.
Tinubu presented the first version of the budget to a joint session of the National Assembly on December 18, 2024.
He announced the increase in the proposed budget size through separate letters forwarded to both Chambers of the National Assembly.
The President in the letter read during plenary in the Senate by Senator Godswill Akpabio, said the increase arose from N1.4trilliion additional revenues made by the Federal Inland Revenue Service (FIRS), N1.2trillion made by the Nigeria Customs Service, N1.8trilliion generated by some other Government Owned Agencies.
The President of the Senate consequently directed the request to the Senate Committee on Appropriations for expeditious consideration and declared that the budget consideration, would be concluded and passed before the end of this month.
