N27.5 trillion 2024 Budget Will Transform Nigeria – FG

The Federal Government has told Nigerians that the N27.5 trillion 2024 budget submitted to the National Assembly by President Bola Tinubu will signal the beginning of the country’s transformation once it is signed into law.

Mohammed Idris, Minister of Information and National Orientation, stated this while speaking at the Nigerian Institute of Public Relations (NIPR) 2023 annual public lecture in Kaduna State.

Idris stated that the proposed budget is a critical step towards realising President Tinubu’s renewed hope programme.

“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.”

Before the budget presentation, President Tinubu signed a Supplementary Budget, signed some landmark Bills and Executive Orders into law, and launched special presidential initiatives on fiscal policy reform, compressed natural gas (CNG), food security, MSME support, and other critical areas of the economy, according to the minister.

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