Tinubu To Present 2024 Budget On Wednesday

By James Itodo

President Bola Tinubu will on Wednesday this week, present projections and estimates of the 2024 budget to joint session of the National Assembly.

Secretary, Research and Information at the National Assembly, Dr Ali Barde Umoru gave the confirmation of the budget presentation to newsmen while requesting for list of those to be allowed into the chamber.

Communication on the budget presentation by President Tinubu to joint session of the National Assembly must have been forwarded to both the President of the Senate, Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas which would however be read in plenary on Tuesday.

Ahead of the budget presentation, President Tinubu had three weeks ago forwarded to both chambers of the National Assembly, the 2024 – 2026 Medium Term Expenditure Framework ( MTEF) and Fiscal Strategy Paper ( FSP) where the sum of N26.1trillion was proposed as total expenditure profile for the 2024 fiscal year.

The Senate through its committee on Finance after two weeks of interactive sessions with heads of Ministries, Departments and Agencies ( MDAs) on revenue and expenditure projections made for them , approved the MTEF.

It specifically approved the N26.1trillion proposed as 2024 budget and other parameters as proposed by President Bola Tinubu.

It also approved the new borrowings of N7.8trillion, pegs benchmark oil price for the 2024 at $73.96 and oil production volume per day at 1.78million barrels.

Edited By Grace Namiji