President Tinubu Signs 2024 Appropriation Bill Of N28.7 trillion Into Law - EDU-BIZNEWS


Monday, January 1, 2024

President Tinubu Signs 2024 Appropriation Bill Of N28.7 trillion Into Law

President  Bola Almed Tinubu on new year day signed the 2024 Appropriation Bill of 
N28.7 trillion into law at a brief ceremony at the Presidential Villa in Abuja 

Edu-Biznews recalled that the National Assembly had last Saturday, December 29, 2023 passed the 2024 budget proposal,  increasing the original figure of N27.5trillion presented to it  by N1.2trillion 

President Tinubu signed the budget in the presence of  the President of the Senate, Senator Godswill Akpabio, and the Speaker of the House of Representatives, Right Honourable  Tajudeen Abbas.

Others at the brief ceremony included , the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Budget and Economic Planning, Atiku Abubakar; the National Security Adviser (NSA), Nuhu Ribadu, were on hand as well.

Also on the ground were the Chief of Staff to the President, Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Abdullahi Ganduje; Chairman of the Senate Appropriation Committee, Senator Olamilekan Adeola, among others.

Tinubu signed the budget hours after he arrived in Abuja from Lagos where he spent the past week holidaying.

The 2024 budget is N1.2 trillion higher than the budget he proposed to a joint session of the National Assembly on November 29, 2023.

The Senate  Appropriation Committee led by Senator Solomon Adeola in its report submitted to the house put aggregate expenditure at N28,777,404.073.861; statutory transfers at N1,742,786,788,150; recurrent expenditure at N8,768.5330,852; capital expenditure at N9,995,143,298,028 and GDP at 3.88 per cent

No comments:

Post a Comment