Breaking…Akpabio announces extension of 2024 budget lifespan to June 2025

Senator Godswill Akpabio, the Senate President, has revealed that the lifespan of the 2024 national budget will be extended until June 25, 2025.

He made this announcement during his opening remarks at the joint session of the National Assembly on Wednesday, where President Bola Ahmed Tinubu presented the 2025 Appropriation Bill.

In his address, Akpabio highlighted that the performance of the 2024 budget stood at 50% for Capital Expenditure and 48% for Recurrent Expenditure. This update reflects the government’s progress in its budgetary implementation.

President Tinubu also took the opportunity to present the 2025 Appropriation Bill, valued at N47.9 trillion, for consideration and passage by the National Assembly.

More details to follow…

 

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