• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Wednesday, August 13, 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
18
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

JUST IN:Keyamo orders release of unruly Ibom Air passenger

Africa’s Women’s Day: Nigerian employers urged to hire more women

BREAKING: Keyamo Asks Ibom Air To Withdraw Criminal Charges Against Emmanson

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:  P-CNGi, LNG Arete sign pact for $27.3m gas plant project
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

JUST IN:Keyamo orders release of unruly Ibom Air passenger

JUST IN:Keyamo orders release of unruly Ibom Air passenger

by Ojimaojo Abubakar
August 13, 2025
0

By Abubakar Yunusa The Minister of Aviation and Aerospace Development, Festus Keyamo, has directed the release of an Ibom Air...

Africa’s Women’s Day: Nigerian employers urged to hire more women

Africa’s Women’s Day: Nigerian employers urged to hire more women

by Ojimaojo Abubakar
August 13, 2025
0

By Ayoade Ishola A new campaign, 'Fair Start', has urged Nigerian employers to take bold, measurable steps to close the...

Keyamo charges stakeholders on consumer protection as NCAA launches portal

BREAKING: Keyamo Asks Ibom Air To Withdraw Criminal Charges Against Emmanson

by Nathaniel Irobi
August 13, 2025
0

The Minister of Aviation and Aerospace Development, Festus Keyamo has ordered Ibom Air to withdraw its criminal complaint against Comfort...

Recommended

Medical Plane Crashes, Kills 6

Medical Plane Crashes, Kills 6

6 days ago
Keyamo charges stakeholders on consumer protection as NCAA launches portal

BREAKING: Keyamo Asks Ibom Air To Withdraw Criminal Charges Against Emmanson

2 hours ago

Popular News

  • Cross River State Triumphs at Prestigious All-women Interstate Debate

    Cross River State Triumphs at Prestigious All-women Interstate Debate

    0 shares
    Share 0 Tweet 0
  • BRGIE Acting Prime Minister Provides Explosive Testimony to U.S. Congress Calling For Release of Mazi Nnamdi Kanu & Simon Ekpa

    0 shares
    Share 0 Tweet 0
  • Haske: The Rise Of A New Movement

    0 shares
    Share 0 Tweet 0
  • Rahila Bags Presidential’s NYSC Honours Award For Community Service

    0 shares
    Share 0 Tweet 0
  • Intrigues and Political Uncertainty over 2027 APC Governorship Candidate for Taraba 

    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 (759)
  • Education (222)
  • Entertainment (314)
  • Health (200)
  • National (2,298)
  • News (8,510)
  • Opinion (312)
  • Politics (1,677)
  • Science (15)
  • Security (406)
  • Sports (460)

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