The national assembly on Saturday passed the 2024 appropriation bill, increasing its size from N27.5 trillion proposed by President Bola Tinubu to N28.7 trillion.
The budget size was increased by N1.2 trillion.
The bill was passed for the third reading at the senate after Solomon Olamilekan, chairman of the senate committee on appropriation, presented a report for consideration.
The budget has N1.7 trillion as statutory transfers, N8.7 trillion as recurrent expenditure, and N9.9 trillion as capital expenditure.
The appropriation bill was passed for a third reading by the lower legislative chamber after Abubakar Bichi, chairman of the committee on appropriations, presented a report.
While presenting his report, Bichi said a one-day town hall meeting where citizens made contributions to the money bill was held.
The lawmaker said the national assembly joint committee on appropriations worked closely with the executive on the budget.
Meanwhile, President Tinubu is expected to sign the budget on Sunday, before the new year.
Post a Comment