Senate President Godswill Akpabio announced on Wednesday during President Bola Tinubu’s 2025 Budget presentation that the National Assembly has approved a six-month extension for the implementation of the 2024 Budget.
“We shall continue on the part of nationalism and service to our country,” Akpabio said before a joint sitting of the Senate and the House of Representatives.
“Your Excellency, we have noted the 2024 Budget performance.
“Given this great achievement, we have deemed it necessary to extend the life span of the 2024 Budget to June 30th, 2025.
“The enabling law for this extension will soon be placed before you for your assent as a testament to our appreciation for the great performance of the budget, ensuring that we build upon your momentum,” Akpabio said.
Tinubu’s 2025 budget proposal of N47.9 trillion is roughly N20 trillion higher than the 2024 budget. In December 2023, he presented his first budget to the National Assembly, totaling N27.5 trillion. Later that month, the Senate raised the proposal by N1.2 trillion, approving a final figure of N28.7 trillion for the 2024 budget.