The House of Representatives has passed N28.7 trillion as the 2024 appropriation bill.

The bill was passed during plenary on Saturday, shortly after the Senate approved same amount as the 2024 appropriation bill.

In the passed bill, the sum of 1,742,786,788,150 is for statutory transfers, 8,270,960,606,831 is for debt servicing, 8,768, 513, 380, 852 is for recurrent expenditure while 9,995,143,143,298,028 is for capital expenditure.

The President had late November presented the 2024 budget estimates of N27.5trn to the National Assembly.

Christened the ‘Budget of Renewed Hope’, the President said it would ensure micro-economic stability, poverty reduction, greater access to social security, amongst others.

By Donatus Anichukwueze

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