• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Tuesday, June 10, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

Senate Reviews Tinubu’s N6.2 Trillion Budget Amendment

Ojimaojo Abubakar by Ojimaojo Abubakar
July 18, 2024
in Business, National
0
Senate passes bill to prescribe salaries, allowances of judicial officers
0
SHARES
4
VIEWS
FacebookTwitterWhatsappEmailTelegram

The Senate has quickly taken up President Bola Tinubu’s request for a N6.2 trillion amendment to the appropriation bill.

This includes a proposed amendment to the Finance Act 2023 to impose a windfall tax on banks, aimed at generating additional revenue.

RelatedPosts

Sokoto Blast: Works Minister Visits Grieving Families In Goronyo

Amazon Unveils $20 Billion Pennsylvania Data Centre Investment To Power AI, Cloud Expansion

Matawalle Urges Zamfara Governor To Publicly Join APC, Accuses Him of Deception

Tinubu requested the withdrawal of N3.2 trillion from the Consolidated Revenue Fund for capital expenditure and another N3 trillion for additional recurrent expenditure in 2024.

The Senate gave the requests first and second readings, referring them to the Appropriations and Finance committees for further review, with a report due within a week.

Senate Leader Michael Opeyemi Bamidele explained that the amendment bill is designed to fund infrastructure projects and cover recurrent expenses.

The Finance Act 2023 amendment seeks to impose a one-time windfall tax on banks based on their foreign exchange gains in 2023.

Senator Adamu Alero stressed the need to support these bills to secure funding for minimum wage payments and infrastructure projects. Other senators, including Garuba Maidoki, Adetukunbo Abiru, Adams Oshomole, and Sani Musa, also voiced their support.

Deputy Senate President Jibrin Barau stated that the amendments aim to boost revenue for the 2024 budget.

ALSO READ:  Tinubu pledges more resources, modern equipment to police
Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

Sokoto Blast: Works Minister Visits Grieving Families In Goronyo

Sokoto Blast: Works Minister Visits Grieving Families In Goronyo

by Ojimaojo Abubakar
June 10, 2025
0

The Honourable Minister of State for Works, Barrister Bello Muhammad Goronyo, has paid heartfelt condolence visits to several communities within...

Amazon Unveils $20 Billion Pennsylvania Data Centre Investment To Power AI, Cloud Expansion

Amazon Unveils $20 Billion Pennsylvania Data Centre Investment To Power AI, Cloud Expansion

by Nathaniel Irobi
June 10, 2025
0

Amazon has announced plans to invest a minimum of $20 billion in Pennsylvania to bolster its data centre infrastructure, reinforcing...

Matawalle Urges Zamfara Governor To Publicly Join APC, Accuses Him of Deception

Matawalle Urges Zamfara Governor To Publicly Join APC, Accuses Him of Deception

by Ojimaojo Abubakar
June 9, 2025
0

The Honourable Minister of State for Defence and former Governor of Zamfara State, Dr. Bello Mohammed Matawalle, has called on...

Recommended

Niger Governor Grants Clemency to 11 Death Row Prisoners

Niger Governor Grants Clemency to 11 Death Row Prisoners

7 days ago
Auto Draft

Trump’s Controversial Tax on Immigrant Remittances Sparks Outrage

5 days ago

Popular News

  • Arewa group hails Tinubu’s inclusive appointments

    NURTW President Hails Tinubu’s Reforms, Urges Greater Support For Transport Sector

    0 shares
    Share 0 Tweet 0
  • Group Warns Against Attempt To Pitch Senator Katung Against Tinubu, Gov Uba Sani

    0 shares
    Share 0 Tweet 0
  • NAHCON Officials Grumble in Saudi Arabia Over Unpaid Allowances

    0 shares
    Share 0 Tweet 0
  • Environment Minister’s Scholarship Beneficiary Tops 2025 UTME In Northern Nigeria With 345 Score

    0 shares
    Share 0 Tweet 0
  • Abuja Estate Firm Announces Customer Loyalty Rewards

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (720)
  • Education (213)
  • Entertainment (307)
  • Health (188)
  • National (2,080)
  • News (7,823)
  • Opinion (286)
  • Politics (1,572)
  • Science (15)
  • Security (404)
  • Sports (421)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform