News
Tinubu asks NASS to increase 2024 budget by N6.2trn
President Bola Tinubu has asked the national assembly to increase the 2024 appropriation act by N6.2 trillion, raising the budget to N34.9 trillion from the initial N28.7 trillion signed into law on January 1.
This request was made in a letter read by Senate President Godswill Akpabio.
The additional funds are aimed at providing N3.2 trillion for infrastructure projects and N3 trillion for recurrent expenditure.
Tinubu’s request has scaled the second reading in both the Senate and the House of Representatives.
The supplementary budget is also expected to address the new minimum wage proposed by the federal government, with discussions between the president and organized labor scheduled to finalize the details.
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