Categories: EconomyNews

National Assembly Laments Lack of Details in 2024 Budget, to Pass Bill Dec 19

Indications emerged on Friday that the National Assembly would pass the 2024 Appropriation Bill of N27.5tn on Tuesday, December 19.

The Senate and the House of Representatives had earlier on Friday passed the ‘Renewed Hope’ budget for second reading.

The Deputy Senate President, Jibrin Barau, hinted during the plenary that the budget might be passed by the lawmakers on December 19 before embarking on their Christmas and New Year break.

During deliberations on Friday, senators applauded President Bola Tinubu for his good intentions for the country, but some lamented the failure of the executive to provide the details of the budget.

The budget was passed for second reading and referred to the Committee on Appropriations after being put to a voice vote by Barau, who presided over the session.

To fund the budget, President Tinubu had stated that fresh loans would be collected, while the government would also explore public-private partnership arrangements to finance critical infrastructure.

VOP Lagos

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