The President had on January 1, 2024, assented to the N28.7 trillion 2024 Appropriation Bill passed by the Senate.

President Bola Tinubu, on Wednesday, requested the Senate to amend the 2024 Appropriation Act and the 2023 Finance Act by increasing the budget with ₦6.2tn.

Tinubu’s request was contained in a letter addressed to the President of the Senate, Godswill Akpabio, and read at plenary on Wednesday.

The President in the letter, said the move was pursuant to Section 58, sub-section two of the Constitution of the Federal Republic of Nigeria 1999 as amended.

“I forward herewith the above bills for consideration and passage by the Senate.

“The Appropriation Act Amendment Bill 2024 seeks to amend the principal Act to provide the sum of N3.2 trillion for Renewed Hope infrastructure projects and other critical infrastructure projects to be undertaken across the country.

“And the sum of N3 trillion to meet further recurrent expenditure requirements, necessary for the proper operation by the Federal Government expenditure, which is to be funded by expected revenue accruing to the Federal Government of Nigeria,” the letter read.

Tinubu added that the proposed amendments to the Finance Act 2023 were required to impose a one-time windfall tax on the foreign exchange gains realised by banks in their 2023 financial statements.

He explained that this was to fund capital infrastructure development, education, healthcare access, and public welfare initiatives.

According to the President, all of the projects are essential components of the renewed hope agenda of the administration.

Tinubu had on January 1, 2024, assented to the N28.7 trillion 2024 Appropriation Bill passed by the Senate. On May 29, 2024, the President said he would present the 2024 Supplementary Budget to the National Assembly (NASS).

Bills Scale Second Reading
As of the time of filing this report, the Bill to Amend the Appropriation Act, 2024 to authorize the issue from the Consolidated Revenue Fund of the Federation the total sum of ₦3.2tn for Capital Expenditure, and the sum of ₦3tn for recurrent expenditure for the year ending on the 31st day of December 2024, has scaled 2nd reading in the House of Representatives.

Similarly, the Bill for an Act to Amend the Finance Act, 2023 to impose and charge Windfall Tax on Banks and Provide for the Administration of the Tax has also scaled 2nd reading.

https://www.channelstv.com/2024/07/17/tinubu-writes-national-assembly-to-raise-2024-budget-by-%E2%82%A66-2tn/

N28.7 trillion(with nothing to show for it several months on) + N6.2 trillion .... Na gbese una children and children's children go dey pay all of their lives for Nigeria. Nigerians, una never tire of these Kakistocrats(Ndume's word) you have in Governments?
nlfpmod

Till we learn to set aside Tribalism and Hatred, these politicians will always do what they like and not what would bring people out out this hardship. Anyday Nigerians unite against their common enemies... Nigeria would bounce back.

Teach your children how to be tolerant to other tribes and religions. This is the only patriotic gift you can pass on to your children even though you would end up dying as a hardened tribal bigot.

As usual our rubber stamp Senate president and his goons will approve it without asking questions.

That amount is too small

Nigeria and Nigerians deserves tunubu. He doesn't hide his evil intentions anymore. Kleptomaniac in agbada.

Kobojunkie:
N28.7 trillion(with nothing to show for it several months on) + N6.2 trillion .... Na gbese una children and children's children go dey pay all of their lives for Nigeria. Nigerians, una never tire of these Kakistocrats(Ndume's word) you have in Governments?
nlfpmod

Seems Kobojunkie's account has been hacked.

The real user of this moniker is a feminist on family threads and also someone that spreads biblical heresies on Religion threads.

The new person behind this moniker has been active on Politics threads for some days now and is obviously a man.

What's going on?

Raising budget without positive impacts on the lives of Nigerians is worse than treasonable felony

I hope they give some to miscreants, but I doubt.

When Tinubu is done with the Nigeria's treasury, even agbado miscreants will no longer see food to eat, talk more of having the strength to defend their useless drugnubu master.

It's necessary if it is well spent.

May Nigeria succed.

Please seyi Makinde of Oyo State, Nurses are on strike for 2months now please answer them oooo

That's last hope for the populace o

Aside debt piling up.., anything else from APC? Even Tinubu is the biggest disgrace of all. Must have earned his Oluwole degrees under bridge. Tinubu, you are a complete disgrace!

More give away for agbadorians


What an administrator we have up there...

No respite in sight

They just want to expand their expensive lifestyles by a few more centimeters

Naija which way are we going

Dollar is above 1,600, Tinubu dey raise Budget

His new private whip needs to be maintained, while we Ronu endures.

Baba carry go, please share 2 cups of rice for our ebin pawa mothers here in ibadan

Tinubu at it again

personal59:
It's necessary if it is well spent.

May Nigeria succed.

Please seyi Makinde of Oyo State, Nurses are on strike for 2months now please answer them oooo

That's last hope for the populace o

Lol, you are here complaining of strike while you are hailing a loan. Was it not the same loan that crippled Oyo state that you are hailing too. Who do una this thing.

Una funny sha.

Don't mind what he is doing, he just an unfortunate one term president

Hyper inflation loading...

By the time this incompetent frognubu is done with this corn3, ₦100 and ₦200 notes will become worthless like ₦10 and ₦20.

SEE MONEY

Omoh

Una never see anything

Unperturbedpota Tinubu is the best thing that ever happened to Nigeria... 💋💋💋

By the time this man is done, Bubu's ill-fated years of looting would be child's play.

Nass will approve without thinking twice as always.

Dollar to ₦2250 here we go

Na me first talk am ooh

Boki789:
I'm in dire need of assistance to survive If anyone can help me with something to buy some food, I'll appreciate. God bless you

Nine-zero-Four-Four-eight-zero-one-Two-six-Zero

OPAY

Go and protest

Tinubu is Buhari pro max

This country taya me walahi