- President Bola Tinubu has explained seven important things his administration will tackle with the 2024 budget he presented to the Joint National Assembly on Wednesday
- According to a statement from the presidency, Tinubu is expected to spend N27.5 trillion while N8.25 trillion would be spent to service Nigeria's debt, among other breakdowns
- Tinubu revealed his economic plan and security strategy in the 2024 project he presented to the National Assembly
Addressing the lawmakers during the presentation of the 2024 budget, the president promised a total overhauling of the internal security of the country to enhance the capabilities of the enforcement so that lives, properties and investments in the country can be safeguarded.
Tinubu lists priorities in the 2024 budget
According to a statement from the presidency, Tinubu said his 2024 budget will prioritise human capital development with special attention to children. He added that human capital remained the major critical resource needed for national development.
President Tinubu also disclosed that his administration planned to work on a stable macroeconomic environment to ensure private investment and utilise economic growth.
Tinubu told National Assembly that his government will put in place business and investment measures that are friendly enough to sustain growth.
Highlights of 2024 budget of Tinubu
Below are the seven highlights of Tinubu's 2024 budget:
- Nigeria's national defence and internal security
- Macro-economic stability
- Human capital development
- Social security
- Local job creation
- Investment environment optimization
- Poverty reduction
In the breakdown of the budget, the president said:
"Accordingly, an aggregate expenditure of 27.5 trillion naira is proposed for the Federal Government in 2024, of which the non-debt recurrent expenditure is 9.92 trillion naira while debt service is projected to be 8.25 trillion naira and capital expenditure is 8.7 trillion naira. Nigeria remains committed to meeting its debt obligations. Projected debt service is 45% of the expected total revenue."
See the statement here:
FG spends N3m on feeding 4,000 inmates daily, Interior Minister
Legit.ng earlier reported that President Bola Tinubu's administration has said the government spends N3 million to feed 4000 prisoners across the country on a daily basis.
Olubunmi Tunji-Ojo, the Minister of Interior, said that the consumption of the inmates was enough reason for the decongestion of the correctional facilities.
According to the minister, the money that would be paid to free the inmates would not be coming from the government's purse.
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