FG Estimates N26 Trillion For 2024 Budget

As an estimate for the appropriation budget for 2024, the federal government has set a figure of N26 trillion.

VerseNews reports that after the Federal Executive Council (FEC) meeting, which was presided over by President Bola Tinubu at the Presidential Villa in Abuja on Monday, October 16, the Minister of Planning and Budget, Atiku Bagudu, informed State House reporters of this.

Bagudu announced the approval of the 2024–2026 medium-term expenditure framework (MTEF) and fiscal strategy papers (FSP) in the presence of his colleagues from the Ministry of Information, Mohammed Idris; the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Works and Housing, Dave Umahi; Industry, Trade, and Investment, Doris Uzoka-Anite; and Labour and Employment, Simon Lalong.

He confirmed that the Fiscal Responsibility Act requires the executive to provide the National Assembly with a document outlining the economy’s medium-term outlook before presenting the budget.