President Bola Tinubu on Wednesday said his administration is poised to maintain the January-December implementation cycle laid down by the immediate past administration of Muhammadu Buhari.
“Our goal is to ensure that the Approbation Act comes into effect on January 1, 2024,” Tinubu said when he presented the N27.5 trillion 2024 budget proposal to a joint session of the 10th National Assembly in Abuja — his first since assuming office exactly six months ago.
Tinubu spotlighted national security, local job creation, and poverty reduction as the top priorities of the 2024 Appropriation Bill which he called the ‘Budget of Renewed Hope.’
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This was as he said the administration is targeting a 3.76 per cent economic growth in the next fiscal year.
“A critical focus of this budget and the medium-term expenditure framework is Nigeria’s commitment to a greener future…We expect the economy to grow by a minimum of 3.76 percent, above the forecasted world average. Inflation is expected to moderate to 21.4 percent in 2024,” Tinubu said.
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