Would you like to receive notifications on latest updates of the following headlines?

Presidency Dismisses Claim of Running  Four Budgets in 2024

POSTED ON June 30, 2024 •   Politics      BY Benedicta Bassey
President Bola Ahmed Tinubu/ Photo credit: Dailytrsut

The Presidency on Sunday debunked the claims that it will run four budgets in the 2024 fiscal year.

This came as the President’s Senior Special Assistant on Media and Publicity, Mr. Temitope Ajayi, reacted to a thread of tweets by former Anambra State Governor, Peter Obi, who alleged that the Tinubu-led government was running four budgets concurrently.

Ajayi wrote “Yesterday, @BudgITng raised a false alarm on the basis of rumours that FG is planning a 2024 supplementary budget.
“It is important to state that the FG is not planning to run 4 budgets within a fiscal year as being alleged.

“The National Assembly only approved that implementation of the capital components of 2023 budget and 2023 supplementary should be extended to December 2024 to achieve its objectives.”

Ajayi said Nigeria cannot achieve sustainable development when Federal, States and Local governments focus on only consumptive expenditures which is essentially what recurrent expenditures represent.

“It is the capital expenditures that drive economic growth, strengthen private sector output and create employment opportunities for citizens,” he added.

He cautioned the civic organisation, Budgit, to be wary of flippancy and the propensity to be unduly sensational.

“Expectedly, @PeterObi has jumped on the false claims to push his new round of misinformation,” he said.

Recall that the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, said the 2023 and 2024 budgets would run simultaneously.

His comments follow a decision by the National Assembly to extend the responsive period of the 2023 budget from June 2024 to December 2024.

It had been moved from December 2023 to March 2024 earlier.

“They are some elements of that (2023) budget that were not implemented. That is why they are moving it forward to be implemented,” explained Onanuga.

He added, “They have already gotten the provisions meant for them. So they are trying to make sure they implement them based on the provision of that budget.

“It means the 2023 and 2024 budget will run concurrently.”

But a non-profit organisation, BudgiT, condemned the proposed elongation of the implementation period of both the 2023 annual and supplementary budget by the Federal Government, describing it as an anomaly.

In a statement by its communications officer, Nancy Odimegwu, BudgiT said it was worrisome that the Federal Government could be drafting a 2024 supplementary budget to be implemented alongside the 2023 yearly budget, 2023 supplementary budget, and 2024 annual budget.

READ ALSO
Fani-Kayode criticises Mutfwang's leadership amid security crisis
BY Abiodun Saheed Omodara April 24, 2025 0

PLATEAU, Nigeria - Plateau State Governor, Caleb Mutfwang, and former Aviation Minister, Femi Fani-K...

READ ALSO
2face get appointment as technical adviser to Benue Govt.
BY Abiodun Saheed Omodara April 23, 2025 0

The Governor of Benue State, Hyacinth Alia    has appointed music legend, Innocent Idibia...

READ ALSO
Six dead in Okene Accident: Akpoti-Uduaghan Urges Immediate Road Safety Reforms
BY Abiodun Saheed Omodara April 23, 2025 0

KOGI, Nigeria - Following a tragic auto accident in Okene, Kogi State, which resulted in the loss of...

READ ALSO
Tinubu returns to address escalating violence in Nigeria after Paris trip
BY Abiodun Saheed Omodara April 22, 2025 0

ABUJA, Nigeria (NAN) - President Bola Tinubu is set to convene with the service chiefs to address th...

READ ALSO
NPSA urges politicians to prioritise security over 2027 elections as Reps delay plenary till May 6
BY Abiodun Saheed Omodara April 22, 2025 0

The Senate and House of Representatives have delayed their plenary sessions until May 6.  In t...

READ ALSO
Nigeria to conduct census as Tinubu unveils committee focused on technology, coordination
BY Abiodun Saheed Omodara April 17, 2025 0

ABUJA, Nigeria - President Bola Tinubu officially launched a high-level committee on the upcoming na...

READ ALSO
2027: Northern Nigeria's commitment to secure 2m votes for Tinubu
BY Abiodun Saheed Omodara April 17, 2025 0

PLATEAU, Nigeria - The Northern Nigeria Youths Union has pledged to secure more than two million vot...

READ ALSO
There is nothing new to disclose, FG downplay U.S. court ruling
BY Abiodun Saheed Omodara April 14, 2025 0

ABUJA, Nigeria - Aso Villa has minimized the significance of the U.S. court ruling that mandates the...

OUR CHANNELS:

2face get appointment as technical adviser to Benue Govt.
BY Abiodun Saheed Omodara April 25, 2025 0

The Governor of Benue State, Hyacinth Alia    has appointed music legend, Innocent Idibia...


Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...


Six dead in Okene Accident: Akpoti-Uduaghan Urges Immediate Road Safety Reforms
BY Abiodun Saheed Omodara April 23, 2025 0

KOGI, Nigeria - Following a tragic auto accident in Okene, Kogi State, which resulted in the loss of...


Plateau NBA expresses outrage over violence, urges FG to protect citizens
BY Abiodun Saheed Omodara April 23, 2025 0

PLATEAU, Nigeria - Due to the assaults and homicides occurring in Plateau State by alleged Fulani mi...


LASG reports over 517,000 traffic violations amid enhanced road safety measures
BY Abiodun Saheed Omodara April 24, 2025 0

LAGOS, Nigeria - The Lagos State Government on Tuesday revealed that from May 2024 to March 2025, mo...


Police Inspector Dies by Suicide in Port Harcourt
BY Abiodun Saheed Omodara April 24, 2025 0

RIVERS, Nigeria - A Police Inspector identified as Maxwell Zabu, who was attached to a former Chairm...


Tinubu lauds ECOWAS for regional integration, economic progress at golden jubilee
BY Abiodun Saheed Omodara April 23, 2025 0

President Bola Tinubu has praised the Economic Community of West African States (ECOWAS) for promoti...


LASG celebrates two million passengers on blue rail, highlights transportation achievements
BY Abiodun Saheed Omodara April 23, 2025 0

LAGOS, Nigeria (NAN) - The Lagos State Government has announced that over two million passengers hav...


FG aims to upgrade 2,701 PHC to enhance healthcare access across Nigeria
BY Abiodun Saheed Omodara April 24, 2025 0

The Federal Government, via the National Primary Health Care Development Agency (NPHCDA), has reveal...


Education minister urges colleges to embrace dual degree system
BY Abiodun Saheed Omodara April 24, 2025 0

ABUJA, Nigeria (NAN) - The Minister of Education, Dr. Tunji Alausa, has called on stakeholders in Co...


More Articles

Load more...

Menu