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Nigeria’s 2025 Budget Raised to N54.2 Trillion Due to Increased Revenues
President Bola Tinubu has announced an increase in Nigeria’s proposed 2025 annual budget, raising it from N49.7 trillion to N54.2 trillion. The adjustment was made through official letters sent to both the Senate and the House of Representatives.
During a Senate plenary session, Senator Godswill Akpabio read the letter, explaining that the increased budget was due to additional revenues generated by key government agencies.
The Federal Inland Revenue Service (FIRS) contributed an extra N1.4 trillion, while the Nigeria Customs Service brought in an additional N1.2 trillion. Furthermore, other government-owned agencies added another N1.8 trillion to the national coffers.
Senate President Godswill Akpabio, responding to the president’s request, directed the Senate Committee on Appropriations to expedite the budget review process.
He assured that the consideration and passage of the budget would be completed before the month ends, ensuring timely action on this crucial fiscal matter.
Nigerian comedian Seyi Law takes to social media as he defends President Bola Tinubu. The comedian stated that the president has done a lot in his administration and claimed that Nigeria is safer and economically sound under his administration.
He then compared how things now to past years under the administration of others, and shared how things were bad. He claimed that now the economy is stabilized.
“Nigeria is safer now than 10 years ago. This government has killed more bandits than any government in Nigeria since the time of Jonathan. When last have you heard of bomb blast in Nigeria?”
It has been reported that fire occurred at the Murtala Muhammed International Airport, Lagos (MMIA), Terminal 1. This fire incident occurred on Monday, 23rd of February, 2026.
Passengers at that terminal were spotted running away for safety after seeing the fire and the alarm.
The Federal Airports Authority of Nigeria (FAAN) released a statement and shared that no life was lost and people were saved and avoided danger.
It has been reported that Kano State has closed down all entertainment spots across the state. This was stated to happen because of the ongoing Ramadan fast.
The federal government shared that the new law will take place from 18th of February, 10 pm, till the last day of Ramadan. This is in order for the people participating in it to truly focus on the fast.
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