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2024 APPROPRIATION ACT
President Bola Tinubu has written to the Senate requesting an increase in the 2024 appropriation act by N6.2 trillion, from N28.7 trillion to N34.9 trillion.
The Debt Management Office (DMO) has clarified that Nigeria’s fresh borrowing was N7.71 trillion in the first quarter of 2024.
The federal government has stated it has earmarked around N100 billion as Energy Transition Fund to provide Compressed Natural Gas (CNG) vehicles to Nigerians as well as N60 billion for the now postponed student loan program.