2024 Appropriation Bill passes second reading

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The N27.5 trillion 2024 budget has cleared second reading in the House of Representatives.
The House passed the the appropriations bill on Thursday.
While leading the debate on the main principles of the budget, House Leader Julius Ihonvbere praised President Bola Tinubu.
Ihonvbere stated that if the appropriations for national security and education are executed, they will improve national security and education.

 

He said, “Nigeria will be more secure with the allocation to defence and security.

“As a teacher, I am impressed by the emphasis on basic education. I am sure that education will be better off this time,” he added.

Recall President Bola Tinubu, at his maiden budget presentation before the National Assembly on Wednesday, said the proposed N27.5 trillion 2024 budget will ensure micro-economic stability, poverty reduction, and greater access to social security.

The president highlighted priority areas such as security, local job creation, macro-economic stability, investment environment optimization, human capital development, poverty reduction, and social security.

He fixed recurrent non-debit expenditure at N9.92trn, capital expenditure at N8.73trn, debt service at N8.25trn, revenue at N18.32trn, new borrowings at N7.83trn, and deficit at N9.18trn.