Nigeria, Feb. 5 -- Nigerian President Asiwaju Bola Ahmed Tinubu has increased the proposed 2025 budget from 49.7 trillion to 54.2 trillion, citing additional revenues from key government agencies.
The President made the budget adjustment known in separate letters sent to both the Senate and the House of Representatives.
The Senate President Godswill Akpabio read Tinubu's letter during the Wednesday plenary, where it said the increase was driven by 1.4 trillion in additional revenue from the Federal Inland Revenue Service, 1.2 trillion from the Nigeria Customs Service and 1.8 trillion generated by other government-owned agencies.
Following the announcement, Akpabio referred the President's request to the Senate Committee on Appropriat...