News
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.
It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.
It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.
“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”
The young star has made Nigeria proud by winning the international competition.
President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.
He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”
The President added that the reforms are creating more opportunities for development across the country.
However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.
Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.
He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.
He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”
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