• Latest
  • Trending
  • All
How President Tinubu plans to tackle Food Security After Declaring State of Emergency

Tinubu’s Government Proposes N26trn as 2024 Budget

Які сюрпризи може принести стильний аксесуар, якщо поряд з вами парик 24

MARITAL DESERTION: ABANDONING A MARRIAGE PARTNER OR RUNNING AWAY FROM MARRIAGE

MARITAL DESERTION: ABANDONING A MARRIAGE PARTNER OR RUNNING AWAY FROM MARRIAGE

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law

NNPC Boss Ojulari Allegedly Forced to Resign

Presidency opens up on Alleged ‘Forceful Resignation’ of Ojulari as NNPC Chairman

Boxing legend Muhammad Ali’s brother dies

Boxing legend Muhammad Ali’s brother dies

NNPC Boss Ojulari Allegedly Forced to Resign

NNPC Boss Ojulari Allegedly Forced to Resign

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

Angry Youths loot CBEX Office in Ibadan [Video]

EFCC Gives Update on CBEX Funds Recovery

Dino Melaye dumps PDP, says ‘Party is impotent’

Dino Melaye dumps PDP, says ‘Party is impotent’

When Wolves Wear Sheep’s Clothing by Fatimah Hamid

Killer Of Kwara Final-Year Student Sentenced To Death

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

CAC sets Deadline to delist 100,000 Dormant Companies

CAC sets Deadline to delist 100,000 Dormant Companies

  • About Us
  • Advertise with Us
  • Editorial Policy
Friday, August 8, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home Breaking News

Tinubu’s Government Proposes N26trn as 2024 Budget

by iDeemlawful
October 16, 2023
A A
How President Tinubu plans to tackle Food Security After Declaring State of Emergency
FacebookTwitterWhatsapp

Nigeria’s federal government under President Bola Ahmed Tinubu has proposed N26 trillion as the 2024 budget.

The Minister of Budget and National Planning, Abubakar Bagudu, told State House Correspondents after the Federal Executive Council meeting at the Presidential Villa, Abuja on Monday, October 16, 2023.

According to him, the proposal will be submitted to the national assembly before December 31, 2023.

RelatedPosts

Nigerian Government sets New Entry Age for Admission to JSS 1

Tinubu Gives Fresh Appointment to Babangida’s Son, Others

FULL TEXT: Tinubu’s tribute for Buhari at special FEC

Tinubu renames Maiduguri Varsity after Buhari

He noted that the administration of Tinubu would maintain the January – December budget implementation cycle.

“The aggregate expenditure is estimated at N26.01tn for the 2024 budget, which includes statutory transfers of N1.3tn non-debt recurrent expenditure of N10.26tn. Debt service estimated at N8.25tn as well as N7.78tn being provided for personnel pension cost,” he said.

Bagudu clarified the increased debt service saying it is “because N22.7tn Ways and Means was securitised, meaning it became a federal government debt at nine per cent.”

This amounts to N2.1tn as debt service.

Equally, personnel costs rose significantly due to transfers from the agreement between the FG and the Organised Labour.

The FG also said it would present a supplementary budget given its growing obligations since the removal of petroleum subsidy.

“Yes, there would be a supplementary budget because there are continuing obligations and there are responses to security which can be immediate,” Bagudu affirmed.

He explained that the perceived delays would not truncate the January – December implementation cycle because the President is engaging with the National Assembly long before presentation day.

“Mr. President is mindful of those and is assessing them. But he is also committed to the budget process and its integrity. He wants to ensure that monies that are appropriated will be spent in the period for which they are appropriated.

“And then in terms of presentation of the budget, Mr. President has been engaging with the National Assembly leadership, even ahead of the presentation to say ‘these are our assumptions, these are our thought processes,’ so that it can reduce the lead time for which the budget has to go through such considerations.

“We believe that this budget will be presented in good time, particularly the 2024 budget to be passed and signed before December 31, 2023,” the minister explained.

Tags: Bola Ahmed TinubuiPadNigeria Government
Previous Post

Lagos Government Reopens Mile 12 International Market

Next Post

EXPLAINER: What’s the Israel-Palestine conflict about? [A Simple guide]

iDeemlawful

iDeemlawful

Related Posts

Breaking News

Які сюрпризи може принести стильний аксесуар, якщо поряд з вами парик 24

NNPC Boss Ojulari Allegedly Forced to Resign
Breaking News

Presidency opens up on Alleged ‘Forceful Resignation’ of Ojulari as NNPC Chairman

NNPC Boss Ojulari Allegedly Forced to Resign
Breaking News

NNPC Boss Ojulari Allegedly Forced to Resign

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date
Breaking News

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

Angry Youths loot CBEX Office in Ibadan [Video]
Breaking News

EFCC Gives Update on CBEX Funds Recovery

When Wolves Wear Sheep’s Clothing by Fatimah Hamid
Breaking News

Killer Of Kwara Final-Year Student Sentenced To Death

Girlfriend stabs Boyfriend to Death in Ondo for Cheating
Breaking News

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

Court orders NYSC to allow Skirts for Female Corps Members
Breaking News

Court orders NYSC to allow Skirts for Female Corps Members

Nigerian Government sets New Entry Age for Admission to JSS 1
Breaking News

Nigerian Government sets New Entry Age for Admission to JSS 1

Breaking News

Пориньте у світ виграшів, де goxbet вход відкриває безмежні шанси для справжніх поціновувачів азарту

Load More

Leave a Reply Cancel reply

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

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In