President Bola Tinubu has signed the N28.7 trillion 2024 Nigerian budget into law.
He assented to the 2024 Appropriation Bill at a brief ceremony at the Presidential Villa in Abuja on Monday.
Among those with the President while he signed were the President of the Senate, Senator Godswill Akpabio, and the Speaker of the House of Representatives, Hon Tajudeen Abbas.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Budget and Economic Planning, Atiku Abubakar; the National Security Adviser (NSA), Nuhu Ribadu, were on hand as well.
Also on the ground were the Chief of Staff to the President, Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Abdullahi Ganduje; Chairman of the Senate Appropriation Committee, Senator Olamilekan Adeola, among others.
Tinubu signed the budget hours after he arrived in Abuja from Lagos where he spent the past week holidaying.
It was reported on Saturday that the Senate approved the sum of N28.7 trillion as the 2024 appropriation bill
The Senate president, Godswill Akpabio, had assured that the bill would be transmitted to President Bola Tinubu for expedited passage into law.
It was also earlier reported that the Senate on Saturday increased the 2024 Nigerian budget by a total of N1.2 trillion, moving the budget from N27.5 trillion submitted by President Bola Tinubu to N28.7 trillion.
According to the report submitted by the Appropriation Committee led by Senator Solomon Adeola, aggregate expenditure was pegged at N28,777,404.073.861; statutory transfers -N1,742,786,788,150; recurrent expenditure- N8,768.5330,852; capital expenditure-N9,995,143,298,028 and GDP at 3.88%.
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