The House of Representatives has backed President Bola Tinubu’s request to increase the proposed 2025 national budget from N49.7 trillion to N54.2 trillion, citing anticipated additional revenue from key government agencies.
During plenary sessions this week, Senate President Godswill Akpabio and Deputy Speaker of the House of Representatives Benjamin Kalu referred the proposal to the Committees on Finance and Appropriations for further review.
Speaking to journalists in Abuja on Friday, the House Deputy Spokesman, Philip Agbese, affirmed the National Assembly’s willingness to approve the adjustment, describing it as a strategic move to strengthen the economy and improve the well-being of Nigerians.
Agbese highlighted the administration’s focus on key sectors such as agriculture, emphasizing the planned funding boost for the Bank of Agriculture.
He noted that this initiative would empower farmers, drive rural development, and enhance food security.
Additionally, he pointed to the budget’s provisions for national security, particularly the construction of military barracks, as a testament to the government’s commitment to safeguarding the country and improving the welfare of security personnel.
“As lawmakers, we are committed to ensuring that every naira is allocated effectively and in the best interest of Nigerians,” Agbese stated, assuring that the 10th House, under Speaker Tajudeen Abbas, would ensure transparency and accountability in the budget’s implementation.
