President Bola Tinubu has signed the N28.7 trillion 2024 Budget into law at a brief ceremony at the Presidential Villa in Abuja on Monday. Present at the ceremony were the President of the Senate, Senator Godswill Akpabio, and the Speaker of the House of Representatives, Hon. Tajudeen Abbas. The Minister of Finance and Coordinating Minister…

The 10th Senate has increased the 2024 budget by a total of N1.2 trillion, moving the budget from N27.5 trillion to N28.7 trillion. According to the report submitted by the Appropriation Committee led by Senator Solomon Adeola, aggregate expenditure was pegged at N28,777,404.073.861; statutory transfers -N1,742,786,788,150; recurrent expenditure- N8,768.5330,852; capital expenditure-N9,995,143,298,028 and GDP at 3.88%.President…

President Bola Tinubu-led government has increased the 2024 budget from the initial N26 trillion to N27.500 trillion to meet present economic realities. It also revised the Medium Term Expenditure Framework, MTEF and Fiscal Strategy Papers, FSP, which initially had N700 per dollar as exchange rate to N750 per dollar, while oil benchmark was reviewed from…