The 2024 fiscal year budget has been approved by the National Assembly, indicating a significant increase of more than N1.2 trillion. Additionally, the Senate adjusted the exchange rate from N750 to N800 per dollar, while endorsing the executive’s proposals for a daily oil production of 1.78mbpd, an oil benchmark price of US$77.96, and a GDP growth rate of 3.88%.
This budget approval followed the Senate Appropriation Committee’s report presented by Olamilekan Adeola, APC, Ogun West. It’s worth noting that President Bola Tinubu had presented this budget, named the “budget of renewed hope,” to the joint session of the National Assembly on Wednesday, November 29, 2023.
Earlier, on December 1, 2023, the Senate had passed the N27.5 trillion 2023 budget for the second reading, which was preceded by a substantial debate on its core principles starting on November 30, 2023.
Both chambers then suspended plenary sessions to focus on budget defense sessions at committee levels.
…………
Note : To submit Press Releases, Statements, and Advert Inquiries for publication on Waffi blog (website) or Television 📺, please use the following contact details: You can send an email to info@waffitv.com or reach us via Whatsapp at 07068286500
