Senate passes N28.7 trillion as 2024 appropriation bill, increases it by N1.2 trillion

The Senate has approved the 2024  Appropriation Bill of N28.7 trillion, against the N27.5 trillion estimate presented by President Bola Tinubu.

The upper chamber gave its approval to the bill during the Saturday plenary.

The approved budget includes N1.7 trillion for statutory transfers, N8.7 trillion for recurrent expenditure, and N9.9 trillion for capital expenditure.