President BOLA TINUBU has forwarded to the Senate for consideration and approval the injection of 6.2 trillion naira into the 27.5 trillion naira 2024 budget.

The President, in the request via a letter read on the floor of the Senate by its President, GODSWILL AKPABIO, during plenary on today specifically sought for withdrawal of 3.2 trillion naira from the Consolidated Revenue Fund, for capital expenditure.

President TINUBU also sought for withdrawal of another 3 trillion naira from the consolidated revenue fund for additional recurrent expenditure for the year ending on December 31, 2024. 

President TINUBU is also seeking an Act to amend the Finance Act of 2023, to impose and charge windfall tax on banks and to provide for the administration of the tax and matters related thereto.