Tinubu writes Senate to inject N6.2trn into 2024 budget
By Jeffrey Agbo
President Bola Tinubu has written to the Senate, asking it to approve the injection of N6.2 trillion into the N27.5 trillion 2024 budget.
Senate President Godswill Akpabio read the president’s letter during plenary on Wednesday.
Tinubu also sought for withdrawal of N3.2 trillion from the consolidated revenue fund for capital expenditure.
The President, in the second leg of the request, sought for withdrawal of another N3 trillion from the consolidated revenue fund for additional recurrent expenditure for the year ending on December 31, 2024.
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According to the letter, Tinubu is also seeking an Act to amend the Finance Act of 2023, to impose and charge windfall tax on banks and to provide for the administration of the tax and matters related thereto.
For expeditious consideration, the Senate had already listed the two requests on its Order Paper as Executive bills for consideration.
If the requested N6 2 trillion is injected into the N27 5 trillion 2024 budget, the budget size will increase to N33.7 trillion.
