Why 2025 budget was increased to N54.2trn — Budget Minister
Minister of Budget and Economic Planning, Abubakar Bagudu. *Experts warn of dangers as Tinubu jerks up budget *NASS promises to pass budget before end of Feb *It is in conflict with CBN policy —Highcap boss *It will increase size of deficits — ADEOSUN, ex-CIS President THE Federal Government has initiated moves to increase its 2025 budget to N54.2 trillion, up by 9.1 per cent from N49.7 trillion initially presented to the National Assembly on December 18, 2024. A letter from President Bola Ahmed Tinubu to the National Assembly requesting the increase was read at plenary yesterday by President of the Senate, Senator Godswill Akpabio. The letter was titled, “2025 Appropriation Bill: Allocation of Additional Revenue of N4.53trillion.” According to Akpabio, the increase arose from N1.4 trillion additional revenues made by the Federal Inland Revenue Service, FIRS; N1.2 trillion made by the Nigeria Customs Service, NCS; and the N1.8 trillion generated by some other government-owne...