House Passes Revised 2024/2025 Budgets
The House of Representatives has passed the revised 2024 and 2025 federal budgets following a request by President Bola Ahmed Tinubu for their repeal and reenactment. The revised 2024 Appropriation Bill pegs aggregate expenditure at ₦43.56 trillion. This includes ₦1.74 trillion for statutory transfers, ₦8.27 trillion for debt servicing, ₦11.26 trillion for recurrent (non-debt) expenditure, and ₦22.27 trillion allocated to capital expenditure and development fund contributions for the fiscal year […]