The Nigerian National Assembly has approved a ₦54.9 trillion budget for the 2025 fiscal year, marking an increase of approximately ₦700 billion from President Bola Tinubu’s initial proposal of ₦54.2 trillion.
Budget Breakdown:
The budget’s passage follows President Tinubu’s recent request for an upward revision, citing additional revenue from government agencies such as the Federal Inland Revenue Service and the Nigeria Customs Service.
The approved budget now awaits presidential assent to become law.
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