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Economy: Nigeria Senate begins consideration of 2024 Appropriation Bill

Senators of the 10th Assembly in Session, in Abuja, FCT

*Sen. Opeyemi Bamidele, Senate Leader, says the 2024 Federal Budget was designed to prioritise electricity challenges, procurement of vaccines, construction of major roads, railway projects, and address poverty, among others in the country

Isola Moses | ConsumerConnect

The Nigerian Senate, in the National Assembly (NASS), Abuja, FCT, has commenced debates on the 2024 Appropriation Bill of N27.5 trillion, which President Bola Ahmed Tinubu presented to a joint session of the National Assembly Wednesday, November 29, 2023.

ConsumerConnect reports  that moments after the joint session of the Federal lawmakers Wednesday, the proposed 2024 Federal Budget passed its first reading in both the Senate and House of Representatives.

President Tinubu presenting the 2024 Budget Estimates to a joint session of NASS, November 29, in Abuja 

Leading the debate on the general principles of the 2024 Appropriation Bill during the plenary Thursday, November 30, the Sen. Opeyemi Bamidele, Senate Leader, announced that the Appropriation Bill is deemed to have been read for the first time by the presentation before the joint session of the National Assembly, hence the commencement of the general debate.

Bamidele urged his colleagues to approve the second reading of the 2024 Appropriation Bill for consideration by the Appropriation Committee and sub-committees.

Opeyemi also noted that the budget was designed to prioritise electricity challenges, procurement of vaccines, construction of major roads across the country, and construction of railway projects.

The Senate Leader also intoned that the parameters and fiscal assumptions of the proposed budget would develop economic activities in Nigeria, and transform living conditions of Nigerians consumers.

He stated: “I believe that all the proposals in this budget are laudable and would enhance the lives of citizens.”

Opeyemi, therefore, urged his colleagues to support and pass the bill.

Supporting the motion on the budget, Joel Thomas, Senator representing Delta South, in Delta State, said when the budget is passed, it would facilitate a renewed hope for Nigerians.

Thomas said that the budget would develop the economic activities of the country, if implemented.

In her motion, Natasha Akpoti-Uduaghan, Federal lawmaker representing Kogi Central, also supported the passage of the bill.

Akpoti-Uduaghan urged the Federal Government to facilitate projects in her constituency, in Kogi State.

Several other Senators have contributed to the debate in support of the passage of the Appropriation Bill for next year.

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