National Assembly Urged to Raise 2025 Budget to N54.2trn

2025 Budget Proposal: Tinubu Seeks N54.2trn Approval

President Bola Ahmed Tinubu has officially requested the National Assembly to increase Nigeria’s 2025 budget to a record-breaking ₦54.2 trillion. This proposal represents a significant adjustment from the previously submitted draft, reflecting the administration’s ambitious plans to address the nation’s economic challenges and developmental goals.

The president’s letter to the National Assembly outlined the rationale for the increase, including rising costs of governance, subsidies for critical sectors, and the need for enhanced capital expenditure to drive infrastructural development. Key priorities include addressing inflation, boosting security operations, improving healthcare and education, and advancing agricultural initiatives to tackle food security.

The proposed budget revision comes at a time of heightened public concern over the country’s debt burden and economic situation. Critics have expressed worries about how the increased budget will be funded, particularly amidst Nigeria’s rising debt profile. However, the government has reassured citizens that it plans to generate revenue through improved tax collection, the removal of inefficiencies in public spending, and the sale of certain national assets.

The National Assembly is expected to deliberate on the proposed adjustment in the coming weeks. If approved, the ₦54.2 trillion budget will be the largest in Nigeria’s history, underscoring the Tinubu administration’s expansive approach to governance and reform.