The 2026 budget proposal exceeds the revised 2025 budget, which stands at over N489 billion.
He said that the ministry proposed over N17 billion as expected revenue for the fiscal year.
NECA’s director-general, Adewale-Smatt Oyerinde, said the TET was increased without regard for the current economic crisis.
Mr Buhari had last week sought the approval of the lawmakers for the N819.54 billion supplementary budget in a letter read by the speaker.
The Lagos government says it was going to comply with court ruling which gave it power to collect VAT.
