Modupe Gbadeyanka
By Modupe Gbadeyanka
The 2024 appropriation bill has been signed into law by President Bola Tinubu barely 48 hours after it was passed by the National Assembly.
On Saturday, the Senate and the House of Representatives passed the 2024 budget, raising it by N1.27 trillion to N28.77 trillion from the N27.5 trillion presented to the parliament by the President on November 29, 2023.
On Monday afternoon, shortly after returning from Lagos, where he visited for the Yuletide, Mr Tinubu signed the budget into law at the Presidential Villa, Abuja.
He themed the appropriation bill as the Budget of Renewed Hope, promising to revive the economy this year.
He reiterated this on Monday when he delivered his New Year’s Day broadcast, saying, “In this new year, we will race against time to ensure all the fiscal and tax policies reforms we need to put in place are codified and simplified to ensure the business environment does not destroy value.
“On every foreign trip I have embarked on, my message to investors and other business people has been the same. Nigeria is ready and open for business.
“I will fight every obstacle that impedes business competitiveness in Nigeria and I will not hesitate to remove any clog hindering our path to making Nigeria a destination of choice for local and foreign investments.”
