Business and Economy
Just in:President Tinubu wants injection of N6.2trillion into N27.5trllion 2024 budget
Iyojo Ameh
President Bola Tinubu has requested Senate consideration and approval, for injection of N6.2trillion into N27.5trillion 2024 budget .
President Tinubu in the request via a letter read on the floor of the Senate by its President , Godswill Akpabio, during plenary on Wednesday , specifically seeks for withdrawal of N3.
The President in the second leg of request as contained in the letter, seeks for withdrawal of another N3trillion from the consolidated revenue fund for additional recurrent expenditure for the year ending on 31st day of December , 2024.
Mr President in the letter , also seeks for an Act to amend the Finance Act , 2023, to impose and charge windfall tax on banks and to provide for the administration of the tax and matters related thereto .
For expeditious consideration , the Senate had already listed the two requests on its Order Paper as Executive bills for consideration .
If the requested N6 2trillion is injected into the N27 5trillion 2024 budget , the budget size will increase to N33.7trillion .
Details later.