President Bola Ahmed Tinubu is seeking to inject N6.2 trillion into the 2024 budget.
The President submitted a request for the injection via a letter read aloud by Senate President Godswill Akpabio during Wednesday’s plenary session.
The President sought to withdraw N3.2 trillion from the Consolidated Revenue Fund for capital expenditures and an additional N3 trillion for recurrent expenditures for the year ending December 31, 2024.
Furthermore, Tinubu requested an amendment to the Finance Act of 2023 to impose a windfall tax on banks and establish a framework for its administration and related matters.
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.
The 2024 budget stands at N27.5 trillion
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