Senate to Receive N54.2 Trillion 2025 Budget Report This Week – Akpabio
The Senate President, Godswill Akpabio, has assured that the Committee on Appropriation will submit its report on the N54.2 trillion 2025 budget estimates by Wednesday or Thursday this week.
Akpabio gave the assurance during Tuesday’s plenary while making remarks after the debate on a bill seeking to establish a Federal University of Agriculture in Abak, Akwa Ibom State.
Expedited Budget Consideration
Akpabio emphasized the urgency of concluding deliberations on the 2025 Appropriation Bill, noting that some lawmakers were absent from plenary to finalize work on the budget.
> “You will observe that some of our colleagues are not in the chamber because of the required final touches on the 2025 Appropriation Bill, the report of which will be laid before us tomorrow (Wednesday) or next tomorrow (Thursday).”
He further stressed the need for an early closure of plenary sessions to enable collective efforts toward the budget’s final consideration and passage.
Budget Increase from N49.7 Trillion to N54.2 Trillion
Initially, both the Senate and House of Representatives had set January 31, 2025, as the deadline for passing the N49.7 trillion budget proposal submitted by President Bola Tinubu.
However, before that date, the National Assembly extended its Christmas and New Year recess, resuming instead on February 4, 2025—the same day it received President Tinubu’s request to increase the budget size by N4.5 trillion, raising the total to N54.2 trillion.
Following the President’s request, Senate President Akpabio and House Speaker Tajudeen Abbas directed the Appropriations Committee to reprocess the budget for the inclusion of the additional N4.5 trillion.
Akpabio further urged the committee to expedite action on the revised budget to ensure its passage before the end of February.
Next Steps
In line with this directive, Akpabio confirmed that the Senate will receive the revised budget report by midweek, signaling an accelerated effort to finalize Ni
geria’s fiscal plan for 2025.
