The House of Representatives has passed the amended 2024 budget at ₦35.5tn, showing an increase from the ₦28.7tn initial budget.
The amendment sought by President Bola Tinubu in his letter last week was ₦6.2tn.
The ₦35.5tn passed shows an increase of ₦600bn.
Like the Senate, the House has likewise passed the bills amending the Police Act and raising the minimum wage.
Last Wednesday, President Tinubu asked the Senate to alter the 2024 Appropriations Act and the 2023 Finance Act by adding ₦6.2 trillion to the budget.
The request was contained in a letter addressed to the President of the Senate, Godswill Akpabio, and read at plenary on Wednesday.
The president in the letter, said the move was under Section 58, sub-section two of the Constitution of the Federal Republic of Nigeria 1999 as amended.
Tinubu added that the proposed amendments to the Finance Act 2023 were required to impose a one-time windfall tax on the foreign exchange gains realised by banks in their 2023 financial statements.
He explained that this was to fund capital infrastructure development, education, healthcare access, and public welfare initiatives.
According to the President, all of the projects are essential components of the renewed hope agenda of the administration.
