By Tope Omogbolagun
President Bola Tinubu has arrived at the National Assembly complex for the 2024 budget presentation.
The President got to the N’Assembly at exactly 11: 04 am on Wednesday amid heavy security.
The Federal Executive Council had on Monday approved the 2024 Appropriation Bill of N27.5tn.
This is an increase from the N26.01tn earlier considered by the council.
Ahead of the budget presentation, Tinubu had three weeks ago forwarded to both chambers of the National Assembly, the 2024 – 2026 MTEF and Fiscal Strategy Paper where the sum of N26.1tn was proposed as the total expenditure profile for the 2024 fiscal year.
The Senate through its committee on Finance after two weeks of interactive sessions with heads of Ministries, Departments and Agencies on revenue and expenditure projections made for them, approved the MTEF.
It specifically approved the N26.1tn proposed as the 2024 budget and other parameters as proposed by the President.