JUST IN: TINUBU SIGNS N28.7 TRILLION 2024 BUDGET INTO LAW
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Bola Tinubu, the president, has officially signed the N28.7 trillion 2024 Budget into law.
He gave his approval to the 2024 Appropriations Bill on Monday during a brief ceremony held at the Presidential Villa in Abuja.
Senator Godswill Akpabio, the president of the Senate, and Hon. Tajudeen Abbas, the speaker of the House of Representatives, were among those present as the president signed.
There were also the National Security Adviser (NSA), Nuhu Ribadu; Minister of Budget and Economic Planning, Atiku Abubakar; and Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
Among those present were Senator Olamilekan Adeola, the chairman of the Senate Appropriations Committee; Abdullahi Ganduje, the national chairman of the ruling All Progressives Congress (APC); and Chief of Staff to the President Femi Gbajabiamila.
Shortly after arriving in Abuja from Lagos, where he had been on vacation for the previous week, Tinubu signed the
get.
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.
On Friday, December 29, 2023, the Senate increased the 2024 budget by N1.2tn, moving the budget from N27.5tn to N28.7tn.
According to the report submitted by the Appropriation Committee led by Senator Solomon Adeola, aggregate expenditure was pegged 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.
More to follow…
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