“The Appropriation Act Amendment Bill 2024 seeks to amend the principal act to provide the sum of N3.2 trillion for renewed hope infrastructure projects and other critical infrastructure projects to be undertaken across the country.
Browsing: 2024 budget
“So, what is the power of the National Assembly as regards the budget? There is no Supreme Court judgement and the choice of our democracy is that the National Assembly has the last word. Even when they pass an appropriation that assent is refused, after 30 days, it becomes law,” Bagudu said.
To begin with, President Tinubu on November 29, 2023, presented a budget of N27.5 Trillion to the joint session of the National Assembly made up of N9.92 Trillion recurrent expenditure, Debt Service of N8.25 Trillion, and Capital Expenditure of N8.7 Trillion.
“We have seen the huge damage that was done not only to the North but the entire country in that budget. We are supposed to sit with the Senate president to inform him about what we have observed.
A list of budgetary provisions to the offices of 32 state governors and their deputies, has shown major difference with the Chief Security Officers of Lagos state, Babajide Sanwo-Olu allocated as high as 98.5 percent higher than his deputy.
The Northern Senators Forum (NSF) has kicked against the ₦28.7 trillion 2024 budget presented by President Bola Tinubu, alleging that the projections and provisions of the budget are lopsided against the Northern region.
Rivers state governor, Siminalayi Fubara, on December 13, 2023, presented the 2024 budget proposal of ₦800 billion to five members of the State Assembly led by Edison Ehie, who later resigned from the House.
The Presidential Candidate of the Labour Party (LP) in the 2023 elections, Peter Obi, has described Nigeria’s allocation of a paltry ₦5 billion for students loans, and ₦6 billion for car park of members of the National Assembly (NASS), as laughable.
President Bola Tinubu has signed the 2024 Appropriation Bill into law in keeping with his avowed commitment to maintaining a timeous, predictable and efficient budget cycle.
President Bola Tinubu, on Monday, signed the ₦28.7 trillion 2024 Appropriation Bill into law as approved by the National Assembly (NASS).