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Presidency Clears the Air on 2024 Budget


The presidency has debunked claims that the 2024 budget signed into law by President Bola Tinubu was padded.

Special Adviser to the President on Information and Strategy, Bayo Onanuga in a statement tagged “Facts About 2024 Budget”, stated that the 2024 budget presented to the National Assembly by President Bola Tinubu was not N25 Trillion but N28.7 Trillion .

According to Onanuga, the claim by Senator Abdul Ningi, representing Bauchi Central, that the President Tinubu-led administration is operating two versions of the 2024 budget was false.

Onanuga noted that the budget that President Tinubu signed into law on January 1, 2024 as passed by the National Assembly was N28.7 Trillion but the National Assembly, increased the amount proposed by N1.2 Trillion.

According to the presidential aide, the only 2024 budget that is being implemented is the N28.7 Trillion budget passed by the National Assembly and signed by the President, including statutory transfers to the Judiciary, National Assembly, Tetfund and others.

“Acting under the banner of Northern Senators’ Forum, Senator Ningi, falsely claimed in an interview he granted BBC Hausa Service, that the National Assembly debated and passed N25 Trillion as 2024 budget and not the N28.7 Trillion that is being implemented by the Federal Government.

“To begin with, President Tinubu on November 29, 2023 presented a budget of N27.5 Trillion to the joint session of the National Assembly made up of N9.92 Trillion recurrent expenditure, Debt Service N8.25 Trillion and Capital Expenditure N8.7 Trillion.

“Contrary to the strange view expressed by Senator Ningi, there was no way the Senate could have debated and passed a N25 Trillion budget that was not presented to the National Assembly,” he said.

Speaking on the claim that the 2024 budget was anti-North, Onanuga maintained that President Tinubu is leading a government that is fair and equitable to every part and segment of Nigeria.

“In terms of funding, distribution of capital and priority projects, the 2024 Appropriation Act was not skewed against any section of the country.

“The North as an integral part of the country is well covered in all areas, from security to agriculture, healthcare to education, and other important infrastructure such as roads, rail, dams, power and irrigation projects to support all year-round agriculture,”he stated.

He commended Chairman Senate Committee on Media and Publicity, Senators Yemi Adaramodu, Sunday Karimi (Kogi), Titus Tartenger Zam (Benue) and Kaka Sheu (Borno) for setting the record straight and avoiding misrepresentation of facts.

The Special Adviser to the Nigerian leader described President Tinubu as a firm believer in the rule of law and constitutional democracy, that will not engage in any unconstitutional action or act in any manner that assaults the Constitution of Nigeria by operating any budget outside the one approved by the National Assembly

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