FG Projects N26trn For The 2024 Budget
The Federal Government of Nigeria has set a projected estimate of N26 trillion for the 2024 appropriation budget. This plan includes submitting the proposal to the National Assembly before December 31, 2023. The Minister of Planning and Budget, Atiku Bagudu, revealed this information after the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu in Abuja. Minister Bagudu was joined by other cabinet members, including the Minister of Information, Mohammed Idris; Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Works and Housing, Dave Umahi; Minister of Industry, Trade, and Investment, Doris Uzoka-Anite; and Minister of Labour and Employment, Simon Lalong. The FEC approved the 2024–2026 medium-term expenditure framework (MTEF) and fiscal strategy papers (FSP). This move aligns with the requirements of the Fiscal Responsibility Act, which mandates the presentation of a medium-term economic outlook to the...