The National Assembly had earlier missed its initial January 31st deadline for passage of the 2025 budget.
The Senate has announced plans to pass the 2025 Appropriation Bill on or before February 13, 2025.
The President of the Senate, Godswill Akpabio made this known during Tuesday’s plenary, emphasising the need for swift action. He stated, “We need to finish quickly to go and brush up the budget for possible presentation tomorrow or next.”
READ ALSO: Tinubu increases 2025 Budget from N49.7trn to N54.2trn
President Bola Tinubu originally presented a ₦49.7 trillion budget to the National Assembly on December 18, 2024. However, on February 5, 2025, he revised the proposed budget upwards to ₦54.2 trillion, citing additional revenue generated by key government agencies.
According to Tinubu, the increase is backed 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 from other government-owned agencies.
