In a recent interview with the News Agency of Nigeria (NAN), Sir Jude Idimogu, the Deputy Apex leader of Ndigbo in Lagos APC, expressed unwavering confidence in President Bola Tinubu’s ability to steer Nigeria towards prosperity with the 2024 Budget. Idimogu, a former two-term lawmaker and a prominent figure in Lagos State politics, commended Tinubu’s financial acumen and business expertise, assuring Nigerians of a positive transformation under his leadership.
Idimogu highlighted Tinubu’s extensive experience in finance and politics, emphasizing the potential for positive change with the current administration. He urged citizens to remain hopeful, citing the concerted efforts to attract foreign investments and the promising outlook presented by the 2024 budget. According to Idimogu, Tinubu’s persistent pursuit of foreign investments will soon yield substantial results for the Nigerian economy.
Addressing concerns about borrowing, Idimogu, drawing from his own financial expertise, underscored the reduction in borrowing outlined in the 2024 budget. He acknowledged the necessity of borrowing to finance development initiatives while emphasizing the importance of prudent financial management and transparency.
Furthermore, Idimogu stressed the need for accountability and urged government officials to exhibit patriotism in managing the nation’s resources. He lauded Tinubu’s commitment to plugging financial leakages and called for enhanced security measures to inspire investor confidence.
President Tinubu, during the budget presentation, emphasized the administration’s dedication to maximizing the value of public funds, enhanced transparency, and collaborative partnerships with the private sector and international development organizations to ensure effective budget implementation.
Tinubu’s administration aims to implement business and investment-friendly policies to foster sustainable economic growth, with a projected minimum growth rate of 3.76%. The budget is based on a conservative oil price of 77.96 dollars per barrel and an estimated daily oil production of 1.78 million barrels, reflecting a comprehensive analysis of global oil market trends. Additionally, an exchange rate of N750 to the dollar has been adopted for the 2024 budget, demonstrating a steadfast approach to fiscal planning and management.
As Nigeria anticipates the unfolding of Tinubu’s meticulously crafted budget, the nation is poised for a renewed sense of hope and economic progress under his capable leadership.