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Tinubu signs N28.78trn 2024 budget into law

President Bola Ahmed Tinubu had signed the N28.78 trillion 2024 Budget into law.

TInubu Signs 2024 budget into law
TInubu Signs 2024 budget into law

Abuja, Nigeria

President Bola Ahmed Tinubu had signed the N28.78 trillion 2024 Budget into law.

The brief ceremony took place on Monday at the State House, Abuja.

Tinubu arrived at his office from the airport at exactly 2 pm and headed straight for the brief budget signing ceremony, surrounded by senior government officials.

Key details in the signed 2024 budget which is N1.2 trillion higher than the budget proposal presented by the Executive at a joint session of the National Assembly on November 29, 2023, include aggregate expenditure pegged at N28,777,404.073.861; statutory transfers at N1,742,786,788,150; recurrent expenditure at N8,768.5330,852; capital expenditure at N9,995,143,298,028 and GDP at 3.88 per cent.

This was according to the report submitted by the Appropriation Committee of the Senate led by Solomon Adeola.

The ceremony was witnessed by the President of the Senate, Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Budget and Economic Planning, Atiku Bagudu; and the National Security Adviser (NSA), Malam Nuhu Ribadu were also in attendance.

Also on the ground were the Chief of Staff to the President, Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Dr Abdullahi Ganduje; Chairman of the Senate Appropriation Committee, Olamilekan Adeola, among others.

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