The National Assembly yesterday approved the addition of N6.2trillion to the 2024 budget. Following the development, the 2024 budget which was originally N28.777 trillion is now N35.055 trillion. The approval to add the N6.2 trillion to the 2024 budget followed the consideration of the reports of the Senate and House of Representatives Committees on Appropriation that considered the request. President Bola Tinubu had urged the National Assembly to consider and approve the N6.2 trillion as addition to the 2024 budget Chairmen of the Senate and House Committees on Appropriation, Senator Solomon Adeola and his counterpart in the House, Hon. Abubakar Bichi, presented the reports for consideration. Both the House and the Senate approve the N6.2trillion as requested by Tinubu in a bill. The Bill was entitled: “Appropriation Act (Amendment Bill) 2024.” The bill as passed authorised the issuance of N35,055,536,770,218 from the Consolidated Revenue Fund of the Federation. Out of this cash, N1.742 trillion was allocated for Statutory Transfers, N8.270 trillion for Debt Service, N11.268 trillion for Recurrent (Non-Debt) Expenditure, and N13.773 trillion for the Development Fund for Capital Expenditure for the year ending December 31, 2024.

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