BREAKING: Senate passes 2024 budget
The senate has passed the 2024 appropriation bill, increasing it from N27.5 trillion as proposed by President Bola Tinubu to N28.7 trillion.
The bill was passed after Solomon Olamilekan, the chairperson of the Senate Committee on Appropriation, presented a report for consideration during the third reading.
The budget passed has N1.7 trillion as statutory transfers, N8.7 trillion as recurrent expenditure, and N9.9 trillion as capital expenditure.
Last month President Tinubu presented N27.50tn to the joint National Assembly saying the budget focuses on job creation and poverty reduction as top priority.
More details later…
