The House of Representatives has increased the 2024 budget presented by President Bola Tinubu by about N1. 2 trillion.
The lawmakers, who held a special session to pass the budget increased the estimate from N27.5 trillion presented by the president to about N28.77 trillion.
The report from the House Committee on Appropriation, Chaired by Abubakar Kabir Bichi highlighted an increase of capital budget pegged at N8. 7 trillion to N9. 995 trillion, recurrent budget was reduced from N9. 92 trillion to N8. 76 trillion while debt servicing got N8,270 trillion.
Speaking before the passage of the budget, the speaker Tajudeen Abbas said future budgets will be taken to the people at the constituency levels to allow inputs, noting that the house remains committed to engaging citizens and ensuring the lawmaking process is open and inclusive.
