Bola Tinubu, the President of Nigeria, has officially signed off on the country’s ambitious N28.7 trillion budget for the year 2024. This momentous decision took place at a brief ceremony held at the Presidential Villa in Abuja, a significant symbol of Nigeria’s commitment to economic governance.
The signing of the 2024 Appropriation Bill was a pivotal event, attended by esteemed figures such as the President of the Senate, Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas. This collective demonstration of leadership underscores the unity and determination to steer Nigeria towards economic prosperity.
Accompanying President Tinubu were key figures central to Nigeria’s economic landscape, including the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Budget and Economic Planning, Atiku Abubakar; and the National Security Adviser, Nuhu Ribadu, all of whom are pivotal in shaping Nigeria’s financial trajectory.
The presence of influential individuals such as the Chief of Staff to the President, Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress, APC, Abdullahi Ganduje; and Chairman of the Senate Appropriation Committee, Olamilekan Adeola, further emphasized the significance of this event.
President Tinubu’s timely signing of the budget, following his return from a week-long holiday in Lagos, reiterates his resolve and focus on Nigeria’s economic development. The approved 2024 budget reflects an increase of N1.2 trillion from the initial proposal he presented to the joint session of the National Assembly on November 29, 2023, demonstrating a progressive approach to addressing Nigeria’s evolving economic needs and priorities.
