The senate on Saturday passed the 2024 appropriation bill to be forwarded to the executive.
The upper house increased the size of the budget from the proposed N27.5 trillion presented to it by President Bola Tinubu to N28.7 trillion, an increase of N1.2 trillion.
Senator Solomon Olamilekan, the Chairman of the Senate Committee on Appropriation, had presented his committee’s report for consideration during Saturday’s sitting.
After its consideration for third reading, the upper house topped the budget by N1.2.trillion.
The budget passed has N1.7 trillion as statutory transfers, N8.7 trillion as recurrent expenditure, and N9.9 trillion as capital expenditure.
The increase the Senate said is for statutory transfers of N1.7 trillion, N8.7 trillion as recurrent expenditure, and N9.9 trillion as capital expenditure.
Details to follow…
BREAKING: Senate Increases 2024 Budget By N1.2trn, Passes Bill is first published on The Whistler Newspaper
