In an announcement at the National Assembly on Monday, Dr. Ali Barde Umoru, the Secretary of Research and Information, revealed that President Bola Tinubu is scheduled to present the 2024 budget to a joint session of the National Assembly on Wednesday.
He stated this while confirming the budget presentation to journalists and requesting a list of those to be allowed into the chamber.
Ahead of the budget presentation, Tinubu had three weeks ago, forwarded to both chambers of the National Assembly, the 20224 – 2026 Medium Term Expenditure Framework and Fiscal Strategy Paper where the sum of N26.1tn was proposed as the total expenditure profile for the 2024 fiscal year.
The Senate through its committee on Finance after two weeks of interactive sessions with heads of Ministries, Departments and Agencies on revenue and expenditure projections made for them, approved the MTEF.
It specifically, approved the N26.1tn proposed as 2024 budget and other parameters as proposed by the President.
It also approved the new borrowings of N7.8tn, pegs benchmark oil price for 2024 at $73.96 and oil production volume per day at 1.78m barrels.
Source: The Punch
