The National Assembly yesterday repealed and re-enacted the 2024 Appropriation Act.
The changes incorporate an additional N6.2trillion as requested by President Bola Ahmed Tinubu on July 23 to fund legacy capital projects and the new Minimum Wage of N70,000.
The additional sum takes the 2024 budget from N28.7trillion to N35.055trillion.
During yesterday’s emergency plenary, the Senate and the House of Representatives reenacted the law with the title: “2024 Appropriation Act (Repeal and Reenactment) Bill.”
They passed it for the first, second and third readings, capturing the N35.055trillion as the Appropriation Act for 2024. It followed a motion moved by Senate Leader Opeyemi Bamidele (APC, Ekiti-Central) and Chairman of the House Committee on Rules and Business, Francis Waive.
The motion reads: “The Appropriations Act (Amendment) Bill, 2024 was passed on Tuesday 23 July 2024; In the cause of cleaning the Bill, the Directorate of Legal Services observed some legal issues that require reconsideration; Clauses 13 and 14 of the Bill as well as the long title and Explanatory Memorandum need to be amended to reflect the intent of the Appropriation Act.”
