Tinubu To Introduce 2024 Strengthening Budget To NASS

“I submitted the last budget to you,” the President stated when he addressed a joint sitting of the National Assembly on Wednesday.

“You expeditiously passed it. We are walking the talk. I will soon bring the Year 2024 Appropriation Bill. That is just for your information,” in his pithy speech at the joint sitting at the National Assembly to stamp the Silver Celebration Of Nigeria’s 4th Republic.

In his response, Senate President Godswill Akpabio, stated, “Thank you, Mr President, we will be expecting the Supplementary Appropriation Bill of 2024 as soon as possible.”

Also, at the joint sitting which coincided with the first anniversary of the Tinubu administration, the President confirmed ‘Nigeria, we hail thee’ as the “latest national anthem”.

Tinubu said, “You sang out the latest national anthem, ‘Nigeria, we hail thee’. This is our diversity, representing all characters and how we blend to be brothers and sisters.”

The President pleaded with both the Senate and the House of Representatives to continue to collaborate and work together with the administration to build the country on the path of sustained progress and development.

“We have no other choice; it is our nation. No other institution or personality will help us unless we do it ourselves. No amount of aid from foreign countries or any other nation (will fix us), they take care of themselves first. Let us work together as we are doing to build our nation, not only for us but for generations unborn,” he said.

Tinubu had on January 1, 2024, consented to the ₦28.7 trillion 2024 allotment bill passed by the Senate.

The 2024 financial plan was ₦1.2 trillion higher than the spending plan initially proposed by the President to a joint NASS meeting on November 29, 2023. Dedicated the 2024 ‘Budget of Renewed Hope’, the President had fixed oil cost at $77.96 with a day to day oil creation gauge of 1.78 million barrels each day.

The President had likewise fixed the naira at ₦750/$1 yet scarcely weeks into the operationalization of the financial plan, the naira plunged to almost ₦2,000/$1 in February. The cash, which has wobbled in an uncommon way against the US’s greenback somewhat recently since the unification of the unfamiliar trade windows, right now trades for around ₦1500/$1.