The Senate, at Saturday plenary, approved the 2024 Appropriation Bill submitted to it by President Bola Tinubu.
The Informant247 gathered that the Senate passed the N28,777,404,073,861 budget, which it increased by about N1.2tn.
It would be recalled that President Tinubu 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 fund for capital expenditure.
Akpabio, while stating that the borrowing plan submitted by the President was approved, also noted that the document would be immediately transmitted to the President for his assent so that implementation could begin by January 1.
Details later…