President Bola Tinubu has sought Senate approval for the injection of N6.2 trillion into the N27.5 trillion 2024 budget.
In a letter read on the floor of the Senate by its President, Godswill Akpabio, during plenary on Wednesday, Tinubu asked for withdrawal of N3.2 trillion from the Consolidated Revenue Fund, for capital expenditure.
The president also sought approval for withdrawal of another N3 trillion from the consolidated revenue fund for additional recurrent expenditure for the year ending on December 31, 2024.
The letter said Tinubu is also seeking an Act to amend the Finance Act of 2023, to impose and charge windfall tax on banks and to provide for the administration of the tax and matters related thereto.
The Senate is treating the president’s letter with urgency and had already listed the two requests on its Order Paper as Executive bills for consideration.
Should the N6 2 trillion be approved it would bring the size of the 2024 budget, the budget to N33.7 trillion.
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