• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Thursday, August 21, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home National

Tinubu writes Senate, raises 2025 budget to N54.2trn

Nathaniel Irobi by Nathaniel Irobi
February 5, 2025
in National
0
Tinubu writes Senate, raises 2025 budget to N54.2trn

President Bola Tinubu presenting the 2024 budget before lawmakers at the National Assembly

0
SHARES
3
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Zamfara Group Condemns Massive Police Deployment Ahead Of Rerun Elections

Forum urges leadership reinvent to tackle challenges

2027: SDP charges INEC on professionalism

President Bola Tinubu has notified the Senate of an increase in the proposed 2025 budgetary estimates from the N49.7 trillion he presented on Dec. 18, 2024 to N54.2 trillion.

The News Agency of Nigeria (NAN) reports that Tinubu announced the increase via a letter forwarded to both chambers of the National Assembly, which was read at plenary on Wednesday by Senate President, Godswill Akpabio.

Tinubu, in the letter, said that the increase arose from the N1.4 trillion additional revenues made by Federal Inland Revenue Service (FIRS), N1.2 trillion generated by Nigeria Customs Service (NCS) and N1.8 trillion made by some other government-owned agencies.

Tinubu said that the N54.2 trillion was a demonstration of government’s commitment to inclusive public good and security.

“I know there are justifications for the allocation. The solid mineral sector, we have about a trillion naira, the Bank of Agriculture, recapitalisation, we have about N1.5 trillion.

“In Bank of Industry, the capitalisation will be over N500 million, that is, N500 billion critical infrastructure will be over N1.5 trillion

“The foundation of a thriving nation lies in its ability to protect its citizens; no infrastructure, no innovation, and no progress can be enjoyed or sustained without security.

“The government has a constitutional obligation to secure lives and properties and the military expenditure is not merely a fiscal decision, which is a moral imperative.

“The budget reflects not only our commitment to securing Nigeria today, but to building a future where every citizen can live and thrive without fear,’’ the letter read.

ALSO READ:  QuickMed Sensitizes Nasarawa Community on Malaria Prevention

In his remarks, Akpabio said that Tinubu’s move on the budget increase was ‘totally uncommon’.

“The transparency must be applauded; this could have been done even at the level of the ongoing committees on appropriation, both in the Senate and the House of Representatives without Mr President naturally writing to us.

”But as a sign of respect for the hallowed chambers, he decided to put it in writing, exposing the additional revenue, explaining areas of interest, and at the same time justifying it.

“So we commend Mr President for this level of transparency, and we assure him that within this month of February, we will incorporate this and ensure that the 2025 budget is passed.

“So Mr President, I’d like to commend you,” he said.

Akpabio consequently referred the document to the Committee on Appropriations for further expeditious legislative inputs. (NAN)

Tags: Budget
Nathaniel Irobi

Nathaniel Irobi

Related Posts

Police Rescue 28 Girls Abducted In Katsina

Zamfara Group Condemns Massive Police Deployment Ahead Of Rerun Elections

by Ojimaojo Abubakar
August 21, 2025
0

The Zamfara Democracy Monitoring Group (ZDMG), has expressed grave concern over the massive deployment and redeployment of police officers and...

Forum urges leadership reinvent to tackle challenges

Forum urges leadership reinvent to tackle challenges

by Ojimaojo Abubakar
August 21, 2025
0

By Abbas Jimoh The African Institute for Statecraft International (AISI) was on Wednesday formally launched in Abuja where stakeholders called...

Zamfara APC supporters vow to defend their Votes, reject injustice in Kaura South rerun

2027: SDP charges INEC on professionalism

by Ojimaojo Abubakar
August 21, 2025
0

By Abbas Jimoh The National Working Committee (NWC) of the Social Democratic Party (SDP) led by Comrade Adamu Abubakar Modibbo...

Recommended

Man Dies During Cult Initiation in Edo

Nigerian, 23, Nabbed for Murdering 44-year-old Girlfriend

6 hours ago
Fmr. Taraba Lawmaker Defects to African Democratic Congress (ADC) from APC

Fmr. Taraba Lawmaker Defects to African Democratic Congress (ADC) from APC

5 days ago

Popular News

  • Cross River State Triumphs at Prestigious All-women Interstate Debate

    Cross River State Triumphs at Prestigious All-women Interstate Debate

    0 shares
    Share 0 Tweet 0
  • Sokoto GBV RT Demands Immediate Justice For Brutalized 14 Year Old Bashariya 

    0 shares
    Share 0 Tweet 0
  • BRGIE Acting Prime Minister Provides Explosive Testimony to U.S. Congress Calling For Release of Mazi Nnamdi Kanu & Simon Ekpa

    0 shares
    Share 0 Tweet 0
  • Haske: The Rise Of A New Movement

    0 shares
    Share 0 Tweet 0
  • Rahila Bags Presidential’s NYSC Honours Award For Community Service

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (764)
  • Education (225)
  • Entertainment (315)
  • Health (201)
  • National (2,325)
  • News (8,611)
  • Opinion (314)
  • Politics (1,705)
  • Science (15)
  • Security (409)
  • Sports (474)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform