Wednesday, January 22, 2025

President Tinubu Plans To Present 2024 Budget To NASS

President Bola Tinubu is preparing to introduce the 2024 Supplementary Budget before the National Assembly (NASS), aiming to make further provisions for the nation’s expenditures.

During his address to a joint session of the National Assembly on Wednesday, on the occasion of the 25th anniversary of Nigeria’s 4th Republic, the President remarked, “I submitted the last budget to you, and it was swiftly passed. Now, we progress to the next, the Year 2024 Supplementary Appropriation Bill, which I will present shortly.”

Senate President Godswill Akpabio welcomed the announcement, expressing readiness to review the additional budget, stating, “We await the Supplementary Appropriation Bill of 2024 with great anticipation.”

At this landmark joint session, which also marked the first year of the Tinubu administration, the President affirmed the adoption of ‘Nigeria, we hail thee’ as the country’s renewed national anthem.

Highlighting the amalgamation of the nation’s diversity, President Tinubu observed, “The latest national anthem you played today, ‘Nigeria, we hail thee’, beautifully epitomizes our unity in diversity, our collective narrative.”

READ MORE: Senate, House Of Reps Plan For Joint Session Towards Celebration Of Democracy

Calling for a continued spirit of cooperation between the legislative and executive branches, President Tinubu stressed the critical need for unity in the quest for sustained national advancement and prosperity.

“It is our collective duty to our motherland, to stand united in developing Nigeria not just for the present, but also for the generations that follow,” he asserted.

The President’s statement follows his signature on the N28.7 trillion 2024 Appropriation Bill earlier in the year, on January 1, 2024, a budget that was scaled up by N1.2 trillion from the original proposal presented to the NASS on November 29, 2023.

Hot this week

Nigeria’s Revenue Distribution Drops by 17.54% in December, Hits ₦1.424 Trillion

Nigeria’s Federal Government, States, and Local Government Councils shared...

Centre For Leadership And Creative Entrepreneurs In Africa LTD/GTE (CELCE-AFRICA) Host International Day For Education

The Centre for Leadership and Creative Entrepreneurs in Africa...

Nigeria Police Bust Benue Arms Factory, Arrest Cult Hitman in Delta Raid

In a major breakthrough against crime, Nigerian police have...

World Bank, AfDB Drive Mission to Electrify 300 Million Africans by 2030 at Africa Energy Summit

The World Bank and African Development Bank (AfDB) have...

IMF Predicts 2025 Growth Uptick, Warns of Protectionism’s Threat

Global economic growth is set to improve slightly in...

World Bank Debars Two Nigerian Firms, CEO for Corruption in $500m Welfare Project

The World Bank has banned two Nigerian firms, Viva...

Nigerian Navy Seizes Boat with 40,000 Litres of Stolen Crude Oil in Ondo

The Nigerian Navy has intercepted a wooden boat carrying...

Subsidy Era Masked Nigeria’s Debt Crisis, Economic Realities – Taiwo Oyedele

Nigerians lived in an economy shrouded in “window-dressed realities”...

Why Nearly 90,000 Nigerians Were Denied Schengen Visas Over Two Years – Report

Nearly 90,000 Nigerians were denied Schengen visas in 2022...

Related Articles

Popular Categories