January 2024 - Page 9 of 9 - Parliament Reports

Reps to review constituency development fund bill

Beloved JohnJanuary 4, 20244 min

The speaker of the House of Representatives, Tajudeen Abbas, intends to review the Constituency Development Fund Bill to improve transparency and accountability in the utilization of funds designated for constituency projects. The speaker of the House of Representatives, Rep. Tajudeen Abbas (APC, Kaduna), has disclosed that he plans to re-introduce a revised version of the Constituency Development Fund Bill to the floor of parliament. The bill provides a legal framework for the management, disbursement, utilization,...

National Assembly Politics

Budget deficit – A ‘tradition’ President Tinubu retained in the 2024 Budget

NewsroomJanuary 3, 20243 min

President Tinubu in the 2024 appropriation bill signed into law followed the tradition of his predecessor with a budget deficit of N9.178tn A Budget typically comprises 2 main items. The revenue (income) and the expenditure (how the income is to be disbursed and spent majorly as a capital project or a recurrent project). A budget deficit occurs when one’s expenditure is more than the revenue. That is, you plan to spend more than the earnings....

National Assembly Politics

History as President Tinubu signs 2024 budget, extends 2023 supplementary budget

NewsroomJanuary 2, 20242 min

The President makes history as he not only signs 2024 budget but also endorses the extension of the 2023 supplementary appropriation earlier passed by the parliament President Bola Tinubu has signed into law the 2024 budget of N28.7 trillion. The president also signed the N2.2tn supplementary appropriation for 2023 which will now run alongside the 2024 budget until March 31, 2024. He appended his signature to the bills on Monday, January 1, 2024. OrderPaper recalls...

Newer Posts