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2023 appropriation bill scales second reading in NASS

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The 2023 appropriation bill of N20.5 trillion has passed through second reading in the Senate and the House of Representatives.

The upper chamber expressed dissatisfaction over the rise in recurrent expenditure which is up from over 6 trillion naira in 2022 to over 8 trillion budgeted for next year.

According to the lawmakers, Nigeria cannot continue to borrow to fund 1 percent of its population.

Similarly, the lower chamber questioned the parameters which are to fund the budget, describing them as unrealistic.




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