National Assembly Approves Budget of N28.7 Trillion for 2024 Fiscal Year

Abass and Akpabio

The National Assembly has approved the Budget of N28.7 Trillion as presented by President Bola Tinubu for the 2024 fiscal year.
The approval was given at today’s plenary chair by Senate President, Godswill Akpabio.

The budget has N9.9 Trillion for capital projects and N8.7 Trillion for recurrent expenditures, while debt servicing stood at N8.2 Trillion.

The budget statutory transfers is N1.7 Trillion at an estimated GDP (Gross Domestic Product) growth 3.88 Percent.

Recall that President BolaTinubu,GCFR presented the 2024 proposal to the joint session of the National Assembly on 29 November, 2023 and it stood at N27.5 trillion.

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