President Bola Ahmed Tinubu is set to submit the 2024 supplementary budget to the National Assembly in July, according to Senate spokesperson Yemi Adaramodu. The N6.6 trillion budget, still being computed by the executive, will be sent to the lawmakers after their resumption from recess on July 2. This move is aimed at addressing emerging fiscal needs and maintaining the government’s focus on economic recovery and stability.
The supplementary budget will provide funding for identified transformational projects, including the Lagos-Calabar Coastal Road and the proposed Sokoto-Badagry Road. Additionally, it will cover the completion of ongoing railway projects and the rehabilitation and expansion of dams and irrigation schemes to support increased production within the economy. This development comes as a significant step towards addressing the country’s economic challenges and opportunities.
President Bola Ahmed Tinubu: Senate Awaits Supplementary Budget
The National Assembly is awaiting the submission of the supplementary budget, which is expected to be a top priority when the lawmakers resume in July. According to Yemi Adaramodu, the budget size is N6.6 trillion, and it will be used to fund four transformational projects identified by President Bola Ahmed Tinubu. The Minister of Budget and Economic Planning, Senator Atiku Bagudu, had earlier revealed that the supplementary budget was still being prepared and would be spent on key infrastructure projects.
The Senate spokesperson confirmed that the budget would be sent to the lawmakers after the Sallah recess, and it is expected to be a crucial step towards addressing the country’s economic challenges. The budget will also fund support for Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG). The lawmakers are expected to give the budget prompt attention to ensure its timely passage and implementation.
President Bola Ahmed Tinubu: N6.6 Trillion Budget to Fund Key Infrastructure Projects
The N6.6 trillion supplementary budget will provide funding for key infrastructure projects, including the Lagos-Calabar Coastal Road and the proposed Sokoto-Badagry Road. The budget will also cover the completion of ongoing railway projects, which have not been provided counterpart funding. Additionally, it will fund the rehabilitation and expansion of dams and irrigation schemes to support increased production within the economy.
The funding for these projects is expected to have a significant impact on the country’s economic development, and the lawmakers are expected to give the budget their prompt attention. The budget will also fund support for Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG), which is expected to boost the country’s energy sector.
President Bola Ahmed Tinubu: Transformational Projects to Get Funding Boost
The N6.6 trillion supplementary budget will provide a funding boost to identified transformational projects, including the Lagos-Calabar Coastal Road and the proposed Sokoto-Badagry Road. These projects are expected to have a significant impact on the country’s economic development, and their completion is expected to boost economic activity and create jobs.
The funding for these projects is expected to be a significant step towards addressing the country’s economic challenges and opportunities. The lawmakers are expected to give the budget their prompt attention to ensure its timely passage and implementation. The budget will also fund support for Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG), which is expected to boost the country’s energy sector.
President Bola Ahmed Tinubu: Economic Recovery and Stability Top Priority
The submission of the supplementary budget is aimed at addressing emerging fiscal needs and maintaining the government’s focus on economic recovery and stability. The budget is expected to provide funding for key infrastructure projects, which will have a significant impact on the country’s economic development.
The lawmakers are expected to give the budget their prompt attention to ensure its timely passage and implementation. The budget will also fund support for Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG), which is expected to boost the country’s energy sector. The government’s focus on economic recovery and stability is expected to have a positive impact on the country’s economic development.
President Bola Ahmed Tinubu: Timely Passage of Budget Expected
The supplementary budget is expected to receive swift attention from lawmakers, enabling its prompt passage and implementation. This urgent attention is crucial as the budget allocates funds to key infrastructure projects, which are vital for the country’s economic development. The timely implementation of these projects will have a significant impact on the nation’s economic growth and prosperity.
The funding allocated to infrastructure projects is expected to stimulate economic growth, create jobs, and improve the overall standard of living. Lawmakers are urged to prioritize the supplementary budget to ensure its swift passage, enabling the implementation of these critical projects. The nation’s economic future depends on it, and prompt attention to the budget will demonstrate the lawmakers’ commitment to driving economic growth and development.
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