Tinubu signs budget as N’Assembly raises lawmakers allocation to N344bn
The National Assembly has raised its 2024 budgetary allocation by 74.23 percent to N344.85bn. This will be the highest-ever budgetary allocation to the National Assembly whose initial allocation in the 2024 budget proposal was pegged at N197.93bn. The increase in allocation to the Senate and House of Representatives is happening amidst a cost-of-living crisis in the country, with the government telling citizens at various for a that the country is facing tough times. In the recently passed and now signed 2024 Appropriation Bill, the National Assembly increased the budget by N1.2tn to N28.77tn from the earlier proposed N27.5tn by the Executive. The parliament raised statutory transfers (i.e., funding to the National Judicial Council, Niger-Delta Development Commission, Universal Basic Education Commission, National Assembly, Public Complaints Commission, Independent National Electoral Commission, National Human Rights Commission, North-East Development Commission, Basic Health Care Provision Fund, and National Agency for Science And Engineering Infrastructure) from N1.38tn to N1.74tn. This is according to data from a document titled, ‘House of Representatives Federal Republic of Nigeria Order Paper,’ dated Saturday, December 30th, 2023.
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