Tag: 2024 Budget

BudgIT raises alarm over allocations in 2024 budget
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BudgIT raises alarm over allocations in 2024 budget

BudgIT, through its open-source service delivery monitoring platform, Tracka, has uncovered significant discrepancies in the 2024 federal budget, particularly concerning the allocation of N732.5 billion for empowerment projects. This figure surpasses the allocation of N646.5 billion earmarked for health projects, a revelation that has sparked concerns about governmental priorities and resource management. In a statement […]

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Nigeria’s budgeting process lacks clarity, discipline – Expert

The founder of Budget, a fiscal transparency platform, Seun Onigbinde, has criticized the Nigerian government’s budgeting process, saying it lacks clarity, discipline, and performance-driven planning.   In an interview with Arise News on Saturday, Onigbinde said that the 2023 budget, which was passed into law under the previous administration, had no clear information on how […]

Tinubu signs seven bilateral agreements with Qatar
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Defense, works top Tinubu’s 2023 supplementary budget proposal

President Bola Tinubu gave top priority to safeguarding Nigerians and their belongings in his N2.176tn 2023 supplemental budget plan, which was presented to the House of Representatives on Tuesday. Defence received the largest allocation of N476.543bn. The PUNCH reported that this is hardly surprising considering the actions of bandits and other criminal groups in the […]

Tinubu woos American investors
Economy

FG proposes N26tn expenditure in 2024 budget 

The Federal Government has projected N26.01 trillion as expenses for the 2024 fiscal year. The Minister of Budget and National Planning, Abubakar Bagudu, told State House Correspondents after the Federal Executive Council meeting at the Presidential Villa, Abuja, on Monday. He also said FEC approved the Medium-Term Expenditure Framework for 2024 – 2026. He said […]

FG to submit 2024 budget in October
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FG to submit 2024 budget in October

The Ministry of Budget and Economic Planning has stated that the 2024 budget will be submitted to the House of Assembly by the end of October. The Government Integrated Financial Management Information System – Budget Preparation Sub-System will be used to prepare the 2024 budget, according to the Director-General of the Budget Office of the Federation, […]