The Senate has passed a harmonized 2024 budget Appropriation Bill totalling N54.9tn for a third reading. The National Assembly also increased the bill by about N746bn, moving the budget from N54.2tn to N54.9bn.
The budget was passed on Thursday by Godswill Akpabio, the Senate President. The budget was passed after the submission of the budget report by Olamilekan Adeola, the chairman, of the Senate Committee on Appropriation.
He explained that the Statutory Transfers gulp, N54,990,165,355,396; Recurrent Expenditure, 3,645.761,358,925; Capital Expenditure, 13.064,009,682,673; Debt Servicing, 23,963,251.624,250 and Fiscal Deficit, 14.317,142.689.548.