President Bola Tinubu is seeking to increase the 2025 budget proposal from the original N49.7tr to N54.6tr.
The request to increase the budget proposal was communicated to the Senate in a letter addressed to the President of the Senate, Godswill Akpabio.
While reading the President’s latter at plenary on Wednesday, Akpabio said Tinubu stated that the request for the increase in the size of the 2025 budget proposal was informed by the prospects of more revenue generation from relevant government agencies.
Akpabio subsequently referred the president’s request to the Senate Committees on Finance and that of Appropriation.
President Tinubu submitted the budget proposal to the National Assembly on December 18, 2024.
The various Senate and House committees, while scrutinising the budget estimates, had complained about inadequate provisions for the various Ministries, Departments and Agencies (MDAs).
