Breaking: Senate Passes N28.7trn Budget for 2024

*Raises Tinubu’s proposal by N1.2trn

Sunday Aborisade in Abuja

The senate on Saturday at a special plenary, passed the 2024 Appropriation Bill.

The chamber increased its size from N27.5 trillion which President Bola Tinubu proposed, to N28.7 trillion.

The budget size was increased by N1.2 trillion.

The Bill was passed for third reading after the Chairman, Senate Committee on Appropriation, Senator Solomon Adeola, presented his panel’s report for consideration.

The budget passed had aggregate expenditure pegged at N28,777,404.073.861; statutory transfers (N1,742,786,788,150); recurrent expenditure- (N8,768.5330,852); capital expenditure (N9,995,143,298,028) and GDP at 3.88%.

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