President Bola Tinubu has officially signed the N28.7 trillion 2024 Budget into law.

He assented to the 2024 Appropriation Bill at a brief ceremony at the Presidential Villa in Abuja on Monday.

The budget is N1.2tn higher than the budget he proposed to a joint session of the National Assembly on November 29, 2023.

On Friday, December 29, 2023, the Senate increased the 2024 budget by N1.2tn, moving the budget from N27.5tn to N28.7tn.

According to the report submitted by the Appropriation Committee led by Senator Solomon Adeola, aggregate expenditure was pegged at N28,777,404.073.861; statutory transfers at N1,742,786,788,150; recurrent expenditure at N8,768.5330,852; capital expenditure at N9,995,143,298,028 and GDP at 3.88 per cent.

However, among those with the President while he signed were the President of the Senate, Senator Godswill Akpabio, and the Speaker of the House of Representatives, Hon Tajudeen Abbas.