In news reports, the Senate says it needs to revisit the N28.77tn 2024 budget. The Red Chamber clarified that there was a need to revisit the budget following the incessant fall of the naira against the United States dollar. The National Assembly had passed a harmonized 2024 budget Appropriation Bill totaling N28.77tn which was eventually signed on January 1, by President Bola Tinubu. The National Assembly increased the bill by a total of N1.2tn, moving the budget from N27.5tn to N28.7tn. The Senate also benchmarked the exchange rate at N800 per dollar, moving it from the initial N750 per dollar initially pegged by the Federal Government. In an exclusive interview with Sunday PUNCH, the Chairman of the Senate Committee on Appropriation, Solomon Adeola, said certain actions need to be taken concerning the 2024 budget as the variables upon which the budget was built could no longer stand.
SERAP to Tinubu: Reject $1.08bn loan, probe alleged N233bn missing in power sector
The Socio-Economic Rights and Accountability Project (SERAP) has issued a public appeal to President Bola Ahmed Tinubu, urging him to...
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