BREAKING: Reps approve an amended N35.055 trillion budget for 2024.

A measure to raise the 2024 Appropriation from N28.7 trillion to N35.055 trillion has cleared the House of Representatives on its Third Reading.

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As suggested by the House Committee on Appropriations, the resolution was approved by the Committee of Supply during the discussion and acceptance of Clauses 1 through 13.

N1,742,786,788,150 is for Statutory Transfers; N8,270,960,606,831 is for Debt Service; N11,268,513,380,853 is for Recurrent Expenditure; and N13,773,275,994,384 is for contribution to the Development Fund for Capital Expenditure for the year ending December 31, 2024, according to a breakdown of the proposed N35,055,536,770,218 for the 2024 fiscal year.

 

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