Senate passes N28.7tn as 2024 Appropriation Bill

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The Senate has approved the sum of N28.7 trillion as the 2024 appropriation bill.

The upper chamber passed the bill at the plenary on Saturday.

President of the Senate, Godswill Akpabio, assured that the bill will be transmitted to the President for expedited passage into law.

The Senate President, Godswill Akpabio, who presided over the sitting, said the National Assembly approved that Statutory Transfers would be N1,742,786,708,150, Debt Service would gulp N8,270,960,606,831; Recurrent Non-debt Expenditure would be N8,768,513,380,852 , while N9,995,143,298,028 would be for contribution to development fund for capital expenditure.

The passage followed the consideration of a report by the Appropriations Committee on the 2024 Appropriations Bill presented by its chair, Senator Adeola Olamilekan (APC, Ogun).

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