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President Bola Tinubu has forwarded to the Senate for approval the injection of N6.2 trillion into the N27.5 trillion 2024 budget.
The President's request was read in the floor of the Senate by its President, Godswill Akpabio, during plenary on Wednesday.
According to the President's letter, he sought withdrawal of N3.2 trillion from the Consolidated Revenue Fund for capital expenditure.
Also, Tinubu sought withdrawal of another N3 trillion from the consolidated revenue fund for additional recurrent expenditure for the year ending on December 31, 2024.
According to the letter, 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.
For expeditious consideration, the Senate had already listed the two requests on its Order Paper as Executive bills for consideration.
If the requested N6 2 trillion is considered and approved, the N27.5 trillion 2024 budget, would increase to N33.7 trillion.
