Nigeria, Dec. 17 -- The House of Representatives on Wednesday passed for second reading the Appropriation Repeal and Re-enactment Bill 2, 2024-2025, marking a critical step toward consolidating the country's budgetary process and addressing the current anomaly of running multiple budgets simultaneously.

The development followed the transmission of a request from President Bola Tinubu to the House, urging lawmakers to consider the bill.

The letter was formally read on the floor by Deputy Speaker Benjamin Kalu, who highlighted the key objectives and provisions of the proposed legislation.

According to the letter, the bill seeks to authorise the release of N43,561,041,744,507 from the Consolidated Revenue Fund of the Federation, comprisin...