Philip Agbese: Reps in support of Tinubu’s request to raise 2025 budget proposal to N54trn

Philip Agbese, a member of the house of representatives, says the parliament is in support of President Bola Tinubu’s request to jack up the 2025 budget proposal.

In a letter to the national assembly, Tinubu requested an increase to the proposed 2025 budget from N49.7 trillion to N54.2 trillion.

The president initially submitted the N49.7 trillion budget for the 2025 fiscal year before the joint sitting of the national assembly in December 2024.

The national assembly is yet to pass the 2025 appropriation bill.

Speaking with journalists on Thursday, Agbese, who is the deputy spokesperson of the house, said the lower legislative chamber is in support of the president’s request.

“The house of representatives welcomes the president’s proposal to revise the 2025 budget, which seeks to increase the allocation to N54.2 trillion,” the lawmaker said.

“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 are 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.”

Agbese said the parliament would scrutinise the proposal to ensure that the allocations are efficiently and effectively utilised.