“N27.5tr 2024 Budget will improve lives of Nigerians” – FG

The Federal Government has expressed optimism that the 2024 budget of N27.5 trillion will mark a transformative era in the country upon passage by the National Assembly.

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Minister of Information and National Orientation, Mohammed Idris-Malagi, who stated this yesterday, while declaring open the Kaduna State chapter of the Nigerian Institute of Public Relations (NIPR) 2023 Annual Public Lecture/AGM/Awards & Election, noted that the budget signified a pivotal step towards the realisation of Tinubu’s ‘Renewed Hope’ agenda.

Recall that President Bola Tinubu had, on Wednesday, presented the first full-year budget of his administration to a joint session of the National Assembly.

In addition to its focus on development priorities, the minister noted that the Budget demonstrated a commitment to fiscal responsibility. According to him, Tinubu’s administration recognises the importance of prudent financial management as the foundation for long-term economic stability.

The Minister 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 his Renewed Hope Agenda, by aligning fiscal strategies and priorities with broader national development objectives.

“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.

“Before this week’s budget presentation, President Tinubu had assented to an equally important supplementary budget, signed some landmark Bills and Executive Orders into law, and inaugurated special presidential initiatives on fiscal policy reform, Compressed Natural Gas, 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”, he stated.

The Minister also expressed readiness to support the development of NIPR, where he is a member.

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