2024 Budget: Tinubu Speaks On January-To-December Implementation Cycle

⁣President Bola Tinubu has vowed that his administration will stick with the January-December implementation cycle laid down by the former President, Muhammadu Buhari-led government. ⁣

The President stated this when he presented the N27.5 trillion 2024 budget proposal to a joint session of the 10th National Assembly in Abuja.

The 2024 budget presentation is the first since assuming office exactly six months ago.
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Speaking at the national assembly, he said, “Our goal is to ensure that the Approbation Act comes into effect on January 1, 2024.”
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Tinubu spotlighted national security, local job creation, and poverty reduction as the top priorities of the 2024 Appropriation Bill which he called the ‘Budget of Renewed Hope.’ ⁣
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This was as he said the administration is targeting a 3.76 per cent economic growth in the next fiscal year. ⁣
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He further stated, “A critical focus of this budget and the medium-term expenditure framework is Nigeria’s commitment to a greener future…We expect the economy to grow by a minimum of 3.76 per cent, above the forecasted world average. Inflation is expected to moderate to 21.4 per cent in 2024.”