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Senate Prepares To Receive Tinubu’s 2024 Supplementary Budget
- The Nigerian Senate has announced it will receive President Tinubu’s 2024 Supplementary budget for approval after resuming from recess on July 2
EKO HOT BLOG reports that the Nigerian Senate will receive President Bola Ahmed Tinubu’s 2024 Supplementary budget for approval upon resuming from recess on July 2.
The supplementary budget, totaling N6.6 trillion, is still being finalized by the executive and will soon be submitted to the National Assembly for review.
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Senate spokesperson Yemi Adaramodu stated that the budget will be presented to lawmakers after the Sallah recess and is slated as a top priority upon the Assembly’s return in July.
Adaramodu also confirmed to The PUNCH that the budget allocation of N6.6 trillion will finance four key transformative projects outlined by the President.
The Minister of Budget and Economic Planning, Senator Atiku Bagudu, had earlier revealed that the supplementary budget was still being prepared and would be spent on key infrastructure projects. These projects include the Lagos-Calabar Coastal Road, Sokoto-Badagri Road, and the completion of ongoing railway projects. Additionally, the budget will fund the rehabilitation and expansion of dams and irrigation schemes, as well as support for Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG).
The minister further noted, “The three roads, dams and irrigation, and railways is what Mr President designated as the infrastructure, renewed health infrastructure priority items.
“So, that is what he directed that the ministry prepare supplementary appropriation Bill.
Supplementary Budget
“We have not finished work on the bill, we have not submitted the supplementary appropriation draft to the Federal Executive Council yet.
“So many people have approached the ministry and indeed leadership of the National Assembly, as well as many members, asking about the renewed hope the supplementary appropriation.”
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President Bola Tinubu had earlier mentioned the supplementary budget during his May 29 speech to the joint sitting of the Senate and House of Representatives at the National Assembly complex.
He had hinted that the government would soon present the supplementary budget for the 2024 fiscal year.
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