President Bola Tinubu has announced his intention to promptly present the 2024 Supplementary Appropriation Bill to the National Assembly..
The announcement was delivered during a concurrent session of the Senate and House of Representatives, commemorating the Silver Jubilee of Nigeria’s 4th Republic and the inaugural anniversary of Tinubu’s administration..
In his address, President Tinubu acknowledged the swift passage of the last budget by the National Assembly and reiterated his commitment to maintaining this momentum.
“I submitted the last budget to you. You expeditiously passed it. We are walking the talk. I will soon bring the Year 2024 (Supplementary) Appropriation Bill. That is just for your information,” he said.
Responding to the President’s announcement, Senate President Godswill Akpabio expressed readiness to receive and act on the forthcoming bill.
“Thank you, Mr President, we will be expecting the Supplementary Appropriation Bill of 2024 as soon as possible,” Akpabio said.
The joint sitting also witnessed the confirmation of “Nigeria, we hail thee” as the latest national anthem.
President Tinubu emphasized the anthem’s significance, saying: “You rang out the latest national anthem, ‘Nigeria, we hail thee’. This is our diversity, representing all characters and how we blend to be brothers and sisters.”
President Tinubu urged continued collaboration between the legislative and executive branches to ensure sustained progress and development for Nigeria.
“We have no other choice; it is our nation. No other institution or personality will help us unless we do it ourselves.
“No amount of aid from foreign countries or any other nation will fix us; they take care of themselves first.
“Let us work together as we are doing to build our nation, not only for us but for generations unborn,” he noted.
This is coming five months after signing the N28.7 trillion 2024 appropriation bill into law.
Some of the key estimates are capital expenditure, N10 trillion; recurrent expenditure, N8.8 trillion; debt service, N8.2 trillion, and statutory transfers, N1.7 trillion.
