Tinubu Asks National Assembly for N6.2trn Budget Increase, to Be Funded by Tax on Banks’ FX Windfall Profits

President Bola Tinubu has petitioned the Senate for a substantial budget increase of N6.2 trillion. This request, if approved, will elevate the 2024 appropriation act from N28.7 trillion to a staggering N34.9 trillion. This move, which seemingly underlines the administration’s urgent need to address the nation’s critical infrastructure gaps and mounting recurrent expenditures, has come … Continue reading Tinubu Asks National Assembly for N6.2trn Budget Increase, to Be Funded by Tax on Banks’ FX Windfall Profits