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The House of Representatives Committee on Finance has asked the Nigeria Investment Promotion Commission(NIPC), to explain why it spent 20 per cent of its revenue without authorisation.

“I forward here with the Appropriation Amendment Bill 2024 for the kind consideration of the Senate. The Appropriation Amendment Bill 2024 seeks to amend the Appropriation Act 2023 to further extend the time for implementing the capital expenditures of the Appropriation Act 2023 from 31st March 2024 to 30th June 2024 while the Supplementary Appropriation Act 2024 seeks to amend the Supplementary Appropriation Act 2023 to extend it’s implementation period from 31st March 2024 to 30th June 2024.