On Wednesday, President Bola Tinubu stated that he wanted the 2024 Appropriations Act to take effect on January 1st, 2024.
The President tasked both branches of the legislative branch to work diligently and “conclude with reasonable dispatch” their deliberations on the N27.5 trillion budget estimates for 2024 during his speech to a joint session of the National Assembly in Abuja.
On Wednesday at noon, the President delivered the 2024 budget plan to the parliamentarians.
“I am confident that the National Assembly will continue to work closely with us to ensure that deliberations on the 2024 Budget are thorough but also concluded with reasonable dispatch,” Tinubu added, christening the budget the “Budget of Renewed Hope.” Our intention is for the Appropriation Act to become operative on January 1st, 2024.
The President stated that among other things, the “Budget Of Renewed Hope” will guarantee microeconomic stability, a decrease in poverty, and easier access to social security.
Speaker of the House of Representatives Tajudeen Abbas promised the President that the budget will receive prompt attention in his votes of gratitude.
Alongside Vice President Kashim Shettima, the President’s Chief of Staff Femi Gbajabiamila, Secretary to the Government of the Federation George Akume, Minister of the Federal Capital Territory Nyesom Wike, National Chairman of the All Progressives Congress (APC) Abdullahi Ganjude, and other members of his entourage, the President attended the Join NASS.
Since taking office on May 29, 2023, this was the President’s first budget presentation to the National Assembly’s joint session.
