•House of Representatives
The House of Representatives has approved issuance from the Consolidated Revenue Fund (CRF) the total sums N43,561,041,744,507 and N48,316,242,591,785 for the 2024 and 2025 budgets, respectively.
Recall that President Bola Tinubu last week transmitted the Appropriation (Repeal and Re-enactment Bills 2024 and 2025) Bills to the House for consideration in accordance with the established constitutional and legislative appropriation process, reports The Nation.
The Bills sought to repeal the 2024 Appropriation Act of N35,055,536,770,218 and re-enact by authorising the issuance from the CRF of the Federation of the total sum of N43,561,041,744,507, comprising N1,742,786.788,150 for Statutory Transfers, N8,270,960,606,831 for Debt Service, N11,268,513,380,853 for Recurrent (Non-Debt) Expenditure, and N22.278,780,968.673 for Capital Expenditure/Development Fund contributions for the year ending December 31, 2025.
It also repeals the 2025 Appropriation Act of N54,990,165,355,396 and re-enact by authorising the issuance from the Consolidated Revenue Fund of the Federation of the total sum of N48,316,242,591,785 comprising N3, 645,761,358,925 for Statutory Transfers, N14,317,142, 689,548 for Debt Service N13,588,009,682,673 for Recurrent (Non-Debt) Expenditure, and N16, 705, 328, 860, 640 for Capital Expenditure/Development Fund contribution for the year ending March 31, 2026.
The House gave the approvals promptly after considering the two Bills presented to it by the Chairman of the House Committee on Appropriations, Abubakar Kabir Abubakar.
