By Akpokona Omafuaire
PRESIDENT Bola Tinubu has written to the Senate, seeking for consideration and subsequent approval, injection of N6.2trillion into N27.5trillion 2024 budget.
The President of the Senate, Senator Godswill Akpabio who read the letter at plenary, said that President Tinubu specifically seeks for withdrawal of N3.2trillion from the Consolidated revenue Fund , for capital expenditure .
President Tinubu in the second leg of the request as contained in the letter is seeking for the 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..
Source: Vanguard
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