BREAKING: Senate Passes 2024 Budget, Increases It By Over N1trn

Byadulawo

Dec 30, 2023

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The senate has passed the 2024 appropriation bill, increasing its size from N27.5 trillion as proposed by President Bola Tinubu to N28.7 trillion.

The budget size was increased by N1.2 trillion.
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ADULAWO NEWS reports that the bill was passed for third reading after Solomon Olamilekan, chair of the senate committee on appropriation, presented a report for the consideration.
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The budget passed has N1.7 trillion as statutory transfers, N8.7 trillion as recurrent expenditure, and N9.9 trillion as capital expenditure.

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