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FG Promises Nigerians Transformation with N27.5 Trillion 2024 Budget

FG Promises Nigerians Transformation with N27.5 Trillion 2024 Budget

The Federal Government has conveyed its assurance to Nigerians that the N27.5 trillion 2024 budget, presented by President Bola Tinubu to the National Assembly, will initiate a transformative phase in the country once it becomes law.

The Minister of Information and National Orientation, Mohammed Idris, affirmed this commitment during the 2023 annual public lecture of the Nigerian Institute of Public Relations (NIPR) in Kaduna State.

Idris clarified that the proposed budget represents a crucial stride toward realizing President Tinubu’s Renewed Hope Agenda.

“President Tinubu’s administration recognises the importance of economic stability. As the 2024 appropriation bill moves through the legislative process, we are very optimistic that its passage will mark the beginning of a transformative era, bringing tangible improvements to the lives of Nigerians,” Idris said.

“Just this week, he presented the 2024 Appropriation Bill of N27.5 trillion to the National Assembly, the first full-year Budget of his Administration. The budget as presented signifies a pivotal step towards the realisation of the Renewed Hope Agenda, by aligning fiscal strategies and priorities with broader national development objectives.

“In addition to its focus on development priorities, the budget demonstrates a commitment to fiscal responsibility.”

The minister stated that before the budget presentation, President Tinubu had assented to a Supplementary Budget, signed some landmark Bills and Executive Orders into law, and inaugurated special presidential initiatives on fiscal policy reform, Compressed Natural Gas (CNG), Food Security, MSME Support, and other critical areas of the economy.

“The goal has been to deliver relief to the Nigerian people, and lay the groundwork for true and lasting prosperity,” the minister said.

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