Bola Tinubu
Audio By Carbonatix
Nigeria's President Bola Tinubu has increased the size of the 2025 budget to 54.2 trillion naira ($36.4 billion) from 49 trillion naira, he said in a letter to the Senate published on Wednesday.
The president said the increase was due to additional revenue from the government's revenue-collecting agencies, such as the tax authority, customs and other agencies.
He added that extra revenue from the Federal Inland Revenue Service (FIRS) was 1.4 trillion naira while Nigeria Customs Service fetched 1.2 trillion naira and other agencies got 1.8 trillion naira.
In December, the government said the 2025 spending plan included a budget deficit of 3.89% of gross domestic product, approximately 13.0 trillion naira.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
PURC, Works and Housing Ministry push major water sector reforms to improve service delivery
12 minutes -
GAAMP inducts first members, pushes for higher standards in Ghana’s aesthetic industry
14 minutes -
GES must prioritise safe school policies alongside sanctions – Child rights advocate
18 minutes -
Ghana International Bank appoints Ian Greenstreet as CEO, subject to regulatory approval
27 minutes -
New developments in Middle East will broadly influence Ghana’s inflation outlook – BoG Governor
28 minutes -
Gyakie teases release of ‘Treasure’ with artwork unveiling
38 minutes -
Ntim Fordjour demands answers over Ghana’s drop in Global Peace Index from 38th to 76th in the world in 2026
53 minutes -
Development Bank Ghana marks five years of catalyzing private sector growth
1 hour -
Afari Hospital: Only $500,000 in arrears needed for completion; demand for $85m criminal—Minority
1 hour -
Mahama gov’t paying itself while Akufo-Addo staff remain unpaid – Kow Essuman
1 hour -
Kow Essuman accuses Kwakye Ofosu of misleading public on Presidential salaries
1 hour -
BoG urges banks to support agriculture and productive sectors
1 hour -
2026 World Cup: Chief Imam urges national prayers for Black Stars ahead of Panama opener
1 hour -
Ofori-Atta yet to be notified of any criminal charges in Ghana – Frank Davies
1 hour -
Chief Imam calls for national prayers and support for Black Stars at the FIFA World Cup 2026
1 hour