Budget: 2024 Appropriation Bill Passes Second Reading

The House of Representatives on Friday, passed the N27.5trillion 2024 budget for a second reading on Friday.

A member representing Kosofe Federal Constituency, Lagos State, Kafilat Ogbara, leading the debate on the general principles of the budget, described the 2024 Appropriation Bill as a people-centric budget aimed at bettering the lives of Nigerians.

Members took turns to ask for an upward review of the budgetary allocation to education and health, among others.

READ ALSO: Zenith Bank Signs MoU With CFA Institute For Human Capital Development In Finance And Investment

Making his contribution on the floor of the House, Obinna Ginger, a member of the Labour Party representing Isiala Ngwa North/South Federal Constituency, Abia State, said, “From what was presented by Mr President, the education sector is not fully represented. Let us look at upgrading the allocation to education because we still have less than 26 per cent of the UNESCO benchmark.”

At the second reading stage, the merits of the bill are debated and discussed.

Once the motion has been moved and supported, the bill is debated by members of the chamber and thereafter put to a vote on whether it should proceed to the committee stage.

If a simple majority of members in the relevant chamber support the bill, it proceeds to the committee stage for further consideration.