TRUTH IS OUT! See Real Reason Tinubu Jerked Up Proposed 2025 Budget From ₦49. 7trn To ₦54. 2trn– Bagudu
In a surprising move, President Bola Tinubu increased the proposed 2025 budget from ₦49. 7 trillion to ₦54. 2 trillion, sending shockwaves through the political landscape. This decision, made on Wednesday, has raised several questions, but Minister of Budget and National Planning, Atiku Bagudu, has now revealed the reason behind this adjustment.
According to Bagudu, the increase in the budget size is due to an unexpected surge in revenue collections from several key government institutions. Notably, the Federal Inland Revenue Service (FIRS) generated ₦1. 4 trillion more than anticipated, while the Nigeria Customs Service brought in an additional ₦1. 2 trillion. Moreover, government- owned enterprises contributed an extra ₦1. 8 trillion. These revenue boosts total over ₦4. 5 trillion, a figure that led to the President’ s decision to revise the proposed budget.
This additional revenue is set to support vital sectors such as agriculture, industry, solid minerals, and infrastructure development. The government plans to channel these funds into strengthening the Bank of Agriculture and the Bank of Industry, as well as funding the ongoing diversification program in Nigeria.
TRUTH IS OUT! See Real Reason Tinubu Jerked Up Proposed 2025 Budget From ₦49. 7trn To ₦54. 2trn– Bagudu| image 7
Bagudu explained that the new figures were a result of extensive collaboration between the executive and the National Assembly, including the Senate Committees on Appropriation, National Planning, and Finance. The positive outcome of these interactions made it possible to increase revenue projections, further ensuring that the nation’ s economic programs are adequately funded.
TRUTH IS OUT! See Real Reason Tinubu Jerked Up Proposed 2025 Budget From ₦49. 7trn To ₦54. 2trn– Bagudu| image 9
TRUTH IS OUT! See Real Reason Tinubu Jerked Up Proposed 2025 Budget From ₦49. 7trn To ₦54. 2trn– Bagudu| image 14
This revised budget is now on track for approval before the end of February, as both the Senate and House of Representatives have been urged to expedite the process. The government’ s swift action shows a commitment to tackling Nigeria’ s infrastructure and economic challenges head- on, with a more robust financial plan in place for the year ahead.
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