BREAKING: PRES. TINUBU SEEKS INJECTION OF N6.2TR INTO N27.5TR 2024 BUDGET
President Bola Tinubu has written to the Senate, requesting that N6.2 trillion be added to the N27.5 trillion 2024 budget for consideration and eventual approval.
President Tinubu expressly requests the withdrawal of N3.2 trillion from the Consolidated Revenue Fund for capital expenditures, according to Senator Godswill Akpabio, the Senate President, who read the resolution during plenary.
In the second part of the request, as stated in the letter, President Tinubu asks for the removal of an additional N3 trillion from the consolidated revenue pool in order to pay for increased recurrent expenses for the year that ends on December 31, 2024.
Mr President in the letter also seeks an Act to amend the Finance Act, of 2023, to impose and charge windfall tax on banks and to provide for the administration of the tax and matters related thereto.
For expeditious consideration, the Senate had already listed the two requests on its Order Paper as Executive bills for consideration.
If the requested N6 2 trillion is injected into the N27 5 trillion 2024 budget, the budget size will increase to N33.7 trillion.
Details later…
More Stories
TRAFFIC REGULATIONS ENFORCEMENT: LASG IMPOUNDS 56 VEHICLES OVER VIOLATIONS
The enforcement unit of the Lagos State Ministry of Transportation has impounded 56 vehicles for violating traffic rules. This was...
BORNO GOVT GIVES UPDATE ON DONATIONS FOR VICTIMS OF RECENT FLOOD IN MAIDUGURI
The Borno State government has given an update on the pledges and actual donations from corporate entities, state governments, state...
JUST IN: EFCC MAKES ATTEMPT TO ARREST YAHAYA BELLO AT KOGI GOVERNOR’S LODGE ABUJA
Officials of the Economic and Financial Crimes Commission (EFCC) are presently making an attempt to arrest former governor of Kogi...
NECO SET TO RELEASE Y2024 SSCE INTERNAL RESULTS TOMORROW
The National Examinations Council (NECO), has said the results of the 2024 Senior School Certificate Examination internal will be released...
OUTSTANDING SALARIES: NASU, SSANU ISSUE THREE-WEEK ULTIMATUM, THREATEN INDEFINITE STRIKE
The Joint Action Committee of the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Universities...
MAKINDE DECLARES SUPPORT FOR EDO PDP GOVERNORSHIP CANDIDATE, IGHODALO
Oyo State Governor, Seyi Makinde, on Wednesday declared support for the Edo Peoples Democratic Party (PDP) governorship candidate, Asue Ighodalo...