The Senate has revealed that President Bola Tinubu, would present the 2024 appropriation bill to the National Assembly in November for consideration and passage before the end of the year. Chairman, Senate Committee on Appropriation, Sen. Solomon Adeola, disclosed this in Abuja during an interview with newsmen after the inaugural meeting of his committee.
Adeola, who represents Ogun-West senatorial district, said the National Assembly expected the federal government to present the Medium-Term Expenditure Framework and Fiscal Strategy (MTEF-FSP) next week for scrutiny.
He also hinted that his committee had invited the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and his counterpart in the Ministry of Budget, Atiku Bagudu, for a meeting next Wednesday.
Adeola said the National Assembly would try to ensure that the 2024 budget had 55 percent capital expenditure, adding that the 10th Senate would maintain the January to December budget cycle, which the 9th National Assembly started.
According to the senator, there was nothing like padding in the budget process.
