The House of Representatives on Wednesday repealed and enacted the Appropriation Act, 2024, amounting to N35.06tn, to address possible legal gaps in the extant law.
Of the total sum of N35.06tn, N1.74tn is for statutory transfers, N8.27tn for debt service, N11.26tn for recurrent (non-debt) expenditure, while N13.77tn is for contributions to the development fund for capital expenditure.
At the emergency session on Wednesday, the House considered and passed a “Bill for an Act to repeal the Appropriation Act, 2024, and enact the Appropriation Act, 2024, to authorise the issuance from the Consolidated Revenue Fund of the Federation of the total sum of N35.06tn.”
Earlier at the session, the House rescinded the decision on the long title, explanatory memorandum, and clauses 13 and 14 of the Appropriation Bill passed last Tuesday and committed the same provisions to the Committee of Supply for reconsideration.
This followed the adoption of a motion moved by the Chairman of the House Committee on Rules and Business, Mr Francis Waive.
Moving the motion, Waive, who represents Ughelli North/Ughelli South/Udu Federal Constituency, Delta State, recalled that the Appropriations Act (Amendment) Bill, 2024, was passed on Tuesday, 23 July 2024.
He added that while taking a detailed look at the bill, the Directorate of Legal Services observed some legal gaps that require reconsideration.
He noted that clauses 13 and 14 of the bill, as well as the long title and explanatory memorandum, need to be amended to reflect the intent of the Appropriation Act.
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