President Bola Ahmed Tinubu on Wednesday forwarded a letter to the Senate requesting that the lawmakers approve 2024 supplementary appropriation to the tune of N6.2 trillion.
Tinubu’s letter was read by the president of the Senate, Godswill Akpabio.
This raises the 2024 budget to N34.9 trillion from an original N28. 7 trillion budget that President Tinubu had already signed into law on January 1.
The president is requesting for an amendment to the budget so as to provide for N3.2 trillion for infrastructure projects and N3 trillion for recurrent expenditure, as contained in the letter.
Tinubu’s letter reads in part, “Pursuant to section 58 (2) of the constitution of the Federal Republic of Nigeria as amended, I forward herewith the above named bills for consideration and passage by the senate.
“The appropriation act amendment bill seeks to amend the principal act to provide the sum of N3,200,000,000,000 for Renewed Hope Infrastructure Projects and other critical infrastructure projects to be undertaken across the country and the sum of N3,000,000,000,000 to meet further recurrent expenditure requirements necessary for the prosper operation of the federal government.
“They shall be funded by accruing to the federal government of Nigeria.”