NEWS
Senate Passes N28.777trn 2024 Budget
The Nigerian Senate under the leadership of Senator Godswill Akpabio on Saturday passed the 2024 appropriation bill.
The budget was passed after its size was increased from N27.5 trillion, as proposed by President Bola Tinubu, to N28.7 trillion
The bill was passed for a third reading after Solomon Olamilekan, Chairman of the Senate Committee on Appropriation, presented a report for consideration.
The Senate President, Godswill Akpabio, who presided over the sitting, pointed out that Statutory transfers would be N1,742,786,708,150, Debt Service would gulp N8,270,960,606,831; Recurrent non-debt expenditure would be N8,768,513,380,852, while N9,995,143,298,028 would be for contribution to development fund for capital expenditure.
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