Tag: 2024 Budget

Akpabio, Abbas sued over alleged 2024 Budget padding

Aminu Imam

Socio-Economic Rights and Accountability Project (SERAP) and twenty other concerned Nigerians have filed a lawsuit against the 10th National Assembly’s leaders for unilaterally and arbitrarily increasing the allocation for lawmakers from N197bn to N344bn, their highest since the return of democracy in 1999. Senate President, Godswill Akpabio and House Speaker, Tajudeen Abbas are sued for themselves and on behalf of all members of the National Assembly. The lawmakers had last month raised their allocation from N197billion, as proposed by President Bola Tinubu for them in the Budget, to N344billiin. They…

Read More

President Tinubu signs 2024 Budget into law

Aminu Imam

…Directs MDAs to provide monthly performance reports President Bola Tinubu, in keeping with his avowed commitment to maintaining a timely, predictable, and efficient budget cycle,officially signed the 2024 Appropriations Bill into law at the Presidential Villa, Abuja. After spending the previous week on vacation in Lagos, Tinubu signed the N28.7 trillion budget document that had been previously passed by the National Assembly just hours after arriving in Abuja yesterday afternoon. The Budget is N1.2 trillion more than what he proposed to the National Assembly during a joint session on November…

Read More

2024 Budget: Senate slams Trade Ministerover N1bn allocation for foreign trip

Aminu Imam

The Senate, on Tuesday, berated the Minister of Trade, Industry and Investment, Doris Nkiruka-Anite Uzoka, over allocation of a N1 billion in 2024 budget proposal for a trip to Geneva, Switzerland. Uzoka had during her defence of the 2024 Budget before the Senate Committee on Trade, on Tuesday, disclosed the budgetary provisions in a document. Former Edo State Governor and Senator representing Edo-North, Adams Oshiomhole, however dismissed the estimate as humongous and a waste of public funds. Oshiomhole tasked her to shelve the Geneva trip and make use of experts in…

Read More

ASUU threatens strike over low 2024 education budget

Aminu Imam

Universities across the country may witness strikes in 2024 due to the small budget allotted to the education sector and poor remuneration, the Academic Staff Union of Universities, (ASUU), has said. Speaking in an interview on Monday, its National president, Prof. Emmanuel Osodeke, explained that during the campaign and election earlier this year, President Bola Tinubu promised to increase the Education sector to at least 15 percent or over. Similarly, the United Nations Educational, Scientific, and Cultural Organisation, (UNESCO), also recommended for member States, a 26 percent benchmark allocation for…

Read More

2024 Budget: Senate expresses concern over ‘meagre’ N1bn allocations to Information Ministry

Aminu Imam

The upper chamber of the National Assembly has expressed concern over the meagre allocations proposed for the Ministry of Information and National Orientation. The Senate Committee on Information made this observation during the budget defence of the Ministry of Information. Minister of Information and National Orientation, Mohammed Idris Malagi, had told the committee that the N1billion earmarked for the Ministry as capital expenditure in 2024, would not be anyway sufficient for implementation of the programmes. The Senate Committee on Information expressed its displeasure at the meagre allocations, after it took a…

Read More

2024 Budget: “Your contribution must go beyond criticisms, Abbas tells Nigerians

Aminu Imam

Following President Bola Tinubus submission of a proposed budget of N27.5 trillion for 2024 to the National Assembly (NASS), the Speaker of the House of Representatives, Tajudeen Abbas, has called on Nigerians to contribute more substantively to nation-building and tone down on the criticism of the Government. Speaking at the House of Representatives Town Hall on the 2024 budget in Abuja yesterday, Abbas emphasised the responsibility of lawmakers to ensure that the annual appropriation addresses the needs of every Nigerian citizen. I call on all of you to support the…

Read More

2024 Budget: Ex-presidents, former VPs, others get N13.8bn upkeep allowance

Aminu Imam

The Federal Government has earmarked a total of N13, 805,814,220 for the upkeep of former presidents, vice-presidents, Heads of State, Chiefs of General Staff, retired Heads of Service, Permanent Secretaries, as well as retired Heads of government agencies and parastatals in the 2024 fiscal year. The beneficiaries include former Presidents Olusegun Obasanjo, Goodluck Jonathan and Muhammadu Buhari, as well as ex-vice-presidents Atiku Abubakar, Namadi Sambo and Prof. Yemi Osinbajo. Also expected to benefit from the windfall are ex-military Heads of State, General Yakubu Gowon and General AbdulSalami Abubakar, as well…

Read More

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

Aminu Imam

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. 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 Tinubus ‘Renewed Hope’ agenda. Recall that President Bola Tinubu had, on Wednesday, presented the first full-year budget of…

Read More

Senate passes N27.5tr 2024 Budget for second reading

Aminu Imam

The Senate has passed the N27.5trillion Renewed Hope Budget for a second reading. The Budget was passed on Friday after various deliberations by senators who applauded the president for his good intentions for the country. It was referred to the Committee on Appropriations after being put to a voice vote by the Deputy Senate President, Jibrin Barau, who presided over the session. The Committee on Appropriations is chaired by Senator Solomon Adeola. Recall that President Bola Tinubu had on Wednesday presented to a joint session of the National Assembly the…

Read More

“Tinubus 2024 Budget, deceitful, strangulating, hopeless” PDP

Aminu Imam

The Peoples Democratic Party (PDP) has described the N27.5 trillion budget for the 2024 fiscal year as proposed by President Bola Tinubu to the National Assembly as strangulating which if allowed to pass, would further plunge the nation into more economic depression and hopelessness. PDPs National Publicity Secretary, Hon. Debo Ologunagba disclosed the partys position in a statement on Wednesday. The PDP also described the claim by President Tinubu that the budget is a Budget of Renewed Hope as conjured, unfounded, and deceptive as the budget is completely devoid of…

Read More