Senate Approves N28.777 trillion Budget for 2024

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Under the direction of Senator Godswill Akpabio, the Nigerian Senate approved the 2024 appropriations bill on Saturday.

President Bola Tinubu’s proposed N27.5 trillion budget was boosted to N28.7 trillion before it was approved.

Following the presentation of a report for consideration by Senate Committee on Appropriations Chairman Solomon Olamilekan, the bill was passed for a third reading.

Godswill Akpabio, the Senate President, who chaired the meeting, noted that N1,742,786,708,150 would be the statutory transfers, N8,270,960,606,831 would go toward debt service, N8,768,513,380,852 would go toward recurring non-debt expenditures, and N9,995,143,298,028 would go toward contributions to the development fund for capital expenditures.

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