FG Projects a Huge Sum of N26trn for The 2024 budget

The Federal Government of Nigeria is projecting a huge sum of N26 trillion as estimates for the 2024 appropriation budget with the hope of submitting the proposal to the national assembly before December 31, 2023.

The Minister of Planning and Budget, Atiku Bagudu, disclosed this while briefing correspondents at the end of the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu, at the presidential villa in Abuja on Wednesday.

Joined by the Minister of Information, Mohammed Idris; Minister of Finance and Coordinating Minister of Economy, Wale Edun; Works and Housing Dave Umahi; Industry, Trade and Investment, Doris Uzoka-Anite; and Labour and Employment, Simon Lalong, he said the council has approved the 2024-2026 medium-term expenditure framework (MTEF) and fiscal strategy papers (FSP).

He affirmed that the executive is required by the Fiscal Responsibility Act to present to the national assembly ahead of a budget presentation, a document which will provide the medium-term economic outlook for the economy.