The National Assembly passed the 2024 appropriation bill on Saturday and raised it from N27.5 trillion proposed by President Bola Tinubu to N28.7 trillion, an increase of N1.2 trillion.
Gatekeepers News reports the chairman of the senate committee on appropriation, Solomon Olamilekan, presented a report for consideration, after which the bill passed for the third reading in the Senate.
The budget has N1.7 trillion as statutory transfers, N8.7 trillion as recurrent expenditure, and N9.9 trillion as capital expenditure.
The appropriation bill was also passed for a third reading by the lower legislative chamber after Abubakar Bichi, chairman of the committee on appropriations, presented a report.
While presenting his report, Bichi said a one-day town hall meeting where citizens contributed to the money bill was held.
The lawmaker said the National Assembly Joint Committee on Appropriations worked closely with the executive on the budget.
It’s expected that Tinubu will sign the budget on Sunday, just before the new year.
