Nigeria News
Senate approves N28.7tn 2024 budget, increases estimate by N1.2tn
The 2024 Appropriation Bill, presented by President Bola Tinubu, has been successfully passed by the Senate during a plenary session on Saturday afternoon. The budget, initially set at N27.5tn by the President on November 29, 2023, has been increased by approximately N1.2tn, resulting in a total of N28,777,404,073,861.
Senate President Godswill Akpabio, who presided over the session, highlighted the approved allocations: Statutory Transfers at N1,742,786,708,150, Debt Service at N8,270,960,606,831, Recurrent Non-debt Expenditure at N8,768,513,380,852, and N9,995,143,298,028 for contributions to the development fund for capital expenditure.
Additionally, the borrowing plan proposed by the President has received Senate approval. Akpabio announced that the document would be promptly transmitted to the President for his assent, with the aim of commencing implementation by January 1.
Latest update on fuel price hike, fuel scarcity for November 22nd, 2024
Full List of 80,000 delisted companies published by CAC
Amended NDLEA Act: Senate approves life imprisonment for drug traffickers, rejects death penalty
Monday Odigie steps down as Bendel Insurance coach
Lewandowski reflects on missed Manchester United transfer
Okoye reflects on Super Eagles return after two years
Probe panel: Ortom defeats Benue state govt at appeal court
Police take action over murder of lawyer Mark Ofikwu in Otukpo
BREAKING: Reps reject bill proposing six-year single tenure for president, governors
BREAKING: Senate approves Tinubu’s ₦1.77 Trillion loan request to address 2024 Budget deficit
Finland arrests Simon Ekpa, four others over terrorism financing