Tinubu Presents N27.5trn 2024 ‘Budget Of Renewed Hope’

IMG 2793

President Bola Tinubu has presented the 2024 budget estimates of N27.5trn to the National Assembly (NASS).

Christened the ‘Budget of Renewed Hope’, the President said it will ensure micro-economic stability, poverty reduction, greater access to social security, amongst others.

He highlighted  priority areas such as security, local job creation, macro-economic stability, investment environment optimization, human capital development, poverty reduction, and social security.

The President, during his first budget presentation before the joint session of the National Assembly, said the proposed budget prioritises human capital development, with particular attention given to children, because human capital remains the most critical resource for national development.

Also Read:  Kwara PDP Faults Rally Held in Support of Abdulrazaq’s Says Gov is Giving Himself False Hope

He also said Public Private Partnership would be explored to fund the budget.

Addressing the lawmakers, the President said, “Distinguished Senators and Honourable Members, in view of the limited resources available through the federal budget, we are also exploring Public Private Partnership arrangements to finance critical infrastructure.

“We, therefore, invite the private sector to partner with us to ensure that our fiscal, trade and monetary policies, as well as our developmental programs and projects succeed in unlocking the latent potential of our people and other natural endowments, in line with our national aspirations.”

Also Read:  Tinubu Appoints Aliyu As ICPC Chairman

He charged both arms of the legislative arm to work assiduously and “conclude with reasonable dispatch”, their deliberations on the 2024 budget estimates of N27.5trn.

The President was at the NASS Complex on Wednesday noon alongside his entourage including Vice President Kashim Shettima; the Chief of Staff to the President, Femi Gbajabiamila; Secretary to the Government of the Federation, George Akume; Minister of the Federal Capital Territory, Nyesom Wike; National Chairman of the All Progressives Congress (APC), Abdullahi Ganjude; amongst others.

Also Read:  Tinubu appoints Ebie as NDDC Chairman, Ogbuku as MD with other management board

The budget of N27.5 trillion is 26% higher than the 2023 budget presented by ex-President Muhammadu Buhari in 2022.

Meanwhile, the President also wrote NASS, seeking the approval of an $8.6bn and €100m external borrowing plan for critical infrastructure in areas such as power, roads, water, railway, and health. (Channels)

Accurate News Nigeria chat

Full Text of Kwara Governor’s CPS Ajakaye At 2023 Press Week Of Correspondents’ Chapel Of NUJ ‘The Media and Nigeria’s Soft Power Conundrum’

Previous article

Kwara Governor’s CPS Ajakaye Charges Media Practitioners On Building Reputation for Nigeria

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in News