2 months ago
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The President of Nigeria, Bola Tinubu, has forwarded a letter to the Senate, seeking their approval to add ₦6.2trillion to the ₦27.5trillion 2024 budget.
The President’s request was contained in a letter read during plenary on Wednesday by Senate President Godswill Akpabio.
Details of the letter show President Tinubu seeks Senate approval for the withdrawal of ₦3.2 trillion from the Consolidated Revenue Fund, for capital expenditure.
The President, in the second leg of the request as contained in the letter, seeks approval for the withdrawal of another ₦3 trillion from the consolidated revenue fund for additional recurrent expenditure for the year ending on the 31st day of December , 2024.
He also requested in the letter, 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.
Naija News understands the President’s requests have already been listed on the Order Paper as Executive bills for consideration by the Senate.
Details later…
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