SENATE PASSES 2024 BUDGET, RAISES ESTIMATE BY N1.2TN

The Senate has passed the 2024 Appropriation Bill submitted to it by President Bola Tinubu. The Senate, at plenary on Saturday afternoon, passed the N28,777,404,073,861 budget, which it increased by about N1.2tn. The President had presented N27.5tn to the joint chambers of the National Assembly on November 29, 2023. The Senate President, Godswill Akpabio, who presided over the sitting, said the National Assembly approved that Statutory Transfers would be N1,742,786,708,150, Debt Service would gulp N8,270,960,606,831; Recurrent Non-debt Expenditure would be N8,768,513,380,852 , while N9,995,143,298,028 would be for contribution to development…

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