BREAKING: FEC Approves N27.5 Trillion as Tinubu's 2024 Budget

BREAKING: FEC Approves N27.5 Trillion as Tinubu's 2024 Budget

  • The budget by the government of Bola Tinubu in the year 2024 has been approved by the Federal Executive Council (FEC)
  • FEC on Monday, November 27, okeyed the 2024 appropriation bill of N27.5 trillion
  • Tinubu is expected to present the budget which reflects the government's financial plans for the year 2024 to the National Assembly for final approval

Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements

State House, Abuja - The Federal Executive Council (FEC) on Monday, November 27, approved the 2024 appropriation bill of N27.5 trillion, which will be presented to the National Assembly by President Bola Tinubu.

FEC, Bola Tinubu, APC, FG, Kashim Shettima, National Assembly
Tinubu is set to present the 2024 budget to the National Assembly following FEC's approval. Photo credit: Asiwaju Bola Ahmed Tinubu
Source: Facebook

Tinubu's 27.5 trillion budget approved by FEC

The FEC gave the approval on Monday at the weekly executive meeting held inside the Council Chamber of the Presidential Villa in Abuja, presided over by Tinubu, TheCable reported.

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Breaking: National Assembly announces date Tinubu will present 2024 budget

The FEC had on October 16 projected N26.01 trillion as expenses for the 2024 fiscal year while approving the Medium-Term Expenditure Framework for 2024 – 2026.

The council affirmed that the administration would maintain the January – December budget implementation cycle.

It also noted that President Tinubu would soon present the 2024 appropriation bill to the National Assembly to ensure its ratification before December 31, 2023, NTA News reported.

Tinubu signs N2.17trn 2023 supplementary budget

Legit.ng earlier reported that on Wednesday, November 8, that President Tinubu signed the 2023 Supplementary Budget N2.17trn at the Presidential Villa in Abuja.

This comes after the Senate and the House of Representatives passed the N2.17trn 2023 supplementary appropriation bill after a third reading.

IGP Egbetokun: ‘Police need N245bn to address patrol vans shortage’

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Earlier, Legit.ng reported that the Inspector-General of Police, Kayode Egbetokun, claimed he met a “battered” force when he assumed office and that the welfare of police officers need to be improved for better performance.

Egbetokun spoke when he appeared before the house of representatives during a plenary session to brief the lower legislative chamber on the state of security in the country.

According to Egbetokun, the police lack essential resources for a functioning force. He said N245 billion will address the issue nationwide.

Source: Legit.ng

Authors:
Esther Odili avatar

Esther Odili (Politics and Current Affairs Editor) Esther Odili is a journalist and a Politics/Current Affairs Editor at Legit.ng with 6+ years of experience. Before joining Legit.ng, Esther has worked with other reputable media houses, such as the New Telegraph newspaper and Galaxy Television. She Holds OND and HND in Mass Communication from NIJ, where she was recognized as the best student in print journalism in 2018. Email: esther.odili@corp.legit.ng.

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