fbpx
Connect with us

Politics

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.

Published

on

FEC Meeting
FG in a FEC meeeting

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.

Advertisement

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.

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Enroll For Digital Skills

Apply For Latest Job Openings

Trending

new minimum wage new minimum wage
News9 hours ago

BREAKING: Labour Demands N615,000 New Minimum Wage in Fresh Proposal

Organised labour in Nigeria, represented by the NLC and TUC, is demanding a new minimum wage of N615,000 per month...

richest men in lagos richest men in lagos
Biography9 hours ago

Top 17 Richest Men in Lagos and their Net Worth, Number 7 is Shocking!

The richest men in Lagos are Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, Femi Otedola, and Leo Stan Ekeh.

Exchange Rate Today Exchange Rate Today
Exchange Rate10 hours ago

How Much Is Dollar To Naira Black Market/Official Exchange Rate Today, Sunday April 14, 2024

Black market and official rate Dollar to Naira exchange rate today Sunday, April, 2024...

Yoruba Nation agitators Yoruba Nation agitators
Local10 hours ago

Nigerian Army Arrest 9 Yoruba Nation Agitators In Oyo

Nigerian Army engaged and subdued Yoruba Nation agitators in Oyo State after an attack on the State Secretariat in Agodi,...

Iran Launches Drones, Missiles at Israel in Major Escalation Iran Launches Drones, Missiles at Israel in Major Escalation
World News11 hours ago

Iran Launches Drones, Missiles at Israel in Major Escalation

Iran launches drones and missiles at Israel in a major escalation, marking a direct conflict between the two long-time adversaries.

new national id card new national id card
News20 hours ago

NIMC Reveals How Nigerians Will Receive The New National ID Card

The new national ID card, powered by the AFRIGO card scheme and NIBSS, can be requested with a NIN through...

Last Conversation Last Conversation
Entertainment21 hours ago

‘I’m Dying Gradually’ – Late Junior Pope’s Last Conversation Surfaces

In the wake of the tragic accident that claimed the life of Junior Pope, the last conversation between the late...

Fawaz Alabi Fawaz Alabi
News21 hours ago

BREAKING: Nigerian Activist Fawaz Alabi Tragically Drowns at Ibeshe Beach, Details Emerge

Fawaz Alabi, a prominent Nigerian activist known for his human rights and environmental advocacy, tragically drowned at Ibeshe Beach in...

Best Performing Currency Best Performing Currency
Business21 hours ago

Naira Declared Best Performing Currency, Assumes New Exchange Rate

The Nigerian naira has been declared the best performing currency in the world this month, according to a Goldman Sachs...

2024 UTME Candidates 2024 UTME Candidates
Education21 hours ago

‘Not Registration Slip’ – JAMB Tells 2024 UTME Candidates Document To Take To Exam Centre

JAMB advises 2024 UTME candidates to bring only a photocopy or colored copy of their examination slip to their exam...

Advertisement