BREAKING: Senate Passes 2024 Budget Of N28.7 Trillion

Eko Hot Blog reports that the 10th Senate, under the leadership of Godswill Akpabio, has passed the 2024 appropriation bill.

The budget was passed after its size was increased by 1.2trilllion from N27.5 trillion, as proposed by President Bola Tinubu, to N28.7 trillion.

The bill was passed for third reading after Solomon Olamilekan, chair of the senate committee on appropriation, presented a report for the consideration.

Senate President Godswill Akpabio

The budget passed has N1.7 trillion as statutory transfers, N8.7 trillion as recurrent expenditure, and N9.9 trillion as capital expenditure.

President Bola Tinubu Presenting the 2024 Budget Before Joint Plenary Of the National Assembly

Recall that President Bola Tinubu, on November 29, presented a total of N27.5tn budget proposal to a joint session of the National Assembly.

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