The Senate, at plenary on Saturday afternoon, approved the sum of N28.7 trillion as the 2024 appropriation bill. The bill which was increased by a total of N1.2tn was passed following a voice vote by the Senate President, Godswill Akpabio.
The Senate President, Godswill Akpabio, who presided over the sitting, said the National Assembly approved that Statutory Transfers would be N1,742,786,708,150, Debt Service would gulp N8,270,960,606,831; Recurrent Non-debt Expenditure would be N8,768,513,380,852, while N9,995,143,298,028 would be for contribution to development fund for capital expenditure.
Akpabio also assured that the bill will be transmitted to the President for expedited passage into law.
