The House of Representatives has thrown its weight behind President Bola Tinubu’s proposal for an increase in the 2025 budget from N49.7 trillion to N54.2 trillion.
Speaking with pressmen in Abuja, the House Deputy Spokesman, Hon. Philip Agbese disclosed that the House is ready to assist Tinubu in delivering the dividends of democracy to citizens.
Agbese called the move a bold one, adding that it is driven by additional revenue from key government agencies.
“The House of Representatives welcomes the President’s proposal to revise the 2025 budget, which seeks to increase the allocation to ₦54.2tn.
“This bold move, driven by additional revenue from key government agencies, demonstrates the administration’s commitment to revitalising the economy and improving the lives of Nigerians.
“As we delve into the details of the proposal, we’re particularly encouraged by the focus on strategic sectors, such as agriculture, which will receive a significant boost through the injection of funds into the Bank of Agriculture.
“This initiative has the potential to empower our farmers, stimulate rural development, and enhance food security.
“We also noted the proposal’s emphasis on enhancing national security, particularly the construction of barracks for our troops.
“This investment in our military’s welfare and infrastructure attests to the administration’s dedication to protecting our nation and its citizens,” he said.