The House of Representatives has passed through Third Reading a bill seeking to increase the 2024 Appropriation from N28.7 trillion to N35.055 trillion.
The resolution was passed during the consideration and adoption of Clauses 1 to 13, at the Committee of Supply as recommended by the House Committee on Appropriation.
Breakdown of the proposed N35,055,536,770,218 for 2024 fiscal year, showed that the sum of N1,742,786,788,150 is for Statutory Transfers; N8,270,960,606,831 is for Debt Service; N11,268,513,380,853 is for Recurrent Expenditure while the sum of N13,773,275,994,384 is for contribution to the Development Fund for Capital Expenditure for the year ending 31st December, 2024.
Details soon…
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