The Senate says President Bola Tinubu will send the 2024 Supplementary budget estimated to be around 6.6trn to the legislators for approval after resumption.
This was disclosed by Senate spokesperson, Yemi Adaramodu; “The budget would be sent any time we resume after the Sallah recess. I believe the bill and other important executive communication will be sent to the National Assembly when we resume in July.”
When asked about the budget size, considering that the minister said that the supplementary budget would fund part of the coastal road, he stated, “The budget size is N6.6tn.”
During his May 29 speech to the joint sitting of the Senate and House of Representatives at the National Assembly complex, President Bola Tinubu said the government would soon present the supplementary budget for the 2024 fiscal year.
Also, last week, Minister of Budget and Economic Planning, Senator Atiku Bagudu, at a joint briefing of the Joint Senate and House of Representatives Committee on National Planning and Economic Affairs over the proposed Supplementary Appropriation Bill, revealed that the supplementary budget was still being prepared.
He noted that the budget would cover major projects including;Lagos-Calabar, Coastal Road; proposed Sokoto-Badagri Road; completion of all ongoing railway projects, which we have not provided counterpart funding.”
He added that the Federal Government also planned to fund the rehabilitation and expansion of dams and irrigation schemes to support increased production within the economy, noting that more money would be spent to support CNG and LNG.
