The 2024 appropriation bill has scaled second reading in the House of Representatives.
Debate on the bill began a day after President Bola Tinubu presented it to a joint session of the National Assembly
The president had presented the budget Tagged Budget of Renewed Hope on Wednesday and expressed confidence ” that the” National Assembly will continue to work closely with” his administration “to ensure that deliberations on the 2024 Budget are thorough but also concluded with reasonable dispatch. Our goal is for the Appropriation Act to come into effect on the 1st of January 2024”
The president also said that” the budget will go further than ever before in cementing macro – economic stability, reducing the deficit, increasing capital spending and allocation to reflect the eight priority areas of this administration”
The N27.5 Trillion budget is predicated on a 1. 7 million barrels of oil per day
The House committees are expected to conclude the budget defence process within two weeks.
.
