President Tinubu presents N27.5trn budget for 2024 to NASS – a historic move

By | November 29, 2023
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“President Tinubu Presents N27.5trn 2024 Budget to NASS in Abuja”

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Just In: Pres. Tinubu presents the 2024 budget of N27.5trn to NASS

President Bola Tinubu on Wednesday, November 29, presented the 2024 budget of N27.5 trillion to the National Assembly (NASS) in Abuja.

In his presentation, President Tinubu outlined the key priorities and allocations of the proposed budget. The budget, which is a significant increase from the previous year’s budget of N13.6 trillion, focuses on various sectors such as infrastructure development, healthcare, education, and security.

One of the major highlights of the budget is the allocation of funds for infrastructure development. President Tinubu emphasized the need to invest in infrastructure to drive economic growth and development. The budget allocates a substantial amount towards the construction and rehabilitation of roads, bridges, railways, airports, and ports across the country. This investment is expected to improve connectivity, facilitate trade, and create job opportunities.

Another key area of focus in the budget is healthcare. President Tinubu acknowledged the importance of a robust healthcare system, especially in light of the ongoing COVID-19 pandemic. The budget allocates funds for the establishment of new healthcare facilities, the procurement of medical equipment, and the training of healthcare professionals. Additionally, there is an emphasis on improving access to quality healthcare services in rural and underserved areas.

Education is also a priority in the proposed budget. President Tinubu stressed the need to invest in education to provide quality learning opportunities for all Nigerians. The budget allocates funds for the renovation and construction of schools, the provision of educational materials, and teacher training programs. The aim is to enhance the quality of education and equip the younger generation with the necessary skills to contribute to the country’s development.

Security remains a top concern for the government, and the budget reflects this. President Tinubu highlighted the need to address the various security challenges facing the country, including terrorism, banditry, and kidnapping. The budget allocates funds for the procurement of security equipment, the training of security personnel, and the establishment of security infrastructure to enhance the country’s security apparatus.

In his address to the National Assembly, President Tinubu expressed confidence in the budget’s ability to stimulate economic growth, create employment opportunities, and improve the living standards of Nigerians. He called on the lawmakers to expedite the passage of the budget to ensure its timely implementation.

The presentation of the 2024 budget marks a significant milestone in the country’s economic planning and demonstrates the government’s commitment to prioritizing key sectors for development. As the budget goes through the legislative process, the government will engage stakeholders and seek their input to ensure the final budget reflects the needs and aspirations of the Nigerian people.

Overall, the 2024 budget presents a comprehensive plan for addressing the country’s challenges and harnessing its potential for growth and development. With its focus on infrastructure, healthcare, education, and security, the budget sets the stage for a more prosperous future for Nigeria and its citizens..

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@instablog9ja said Just In: Pres. Tinubu presents the 2024 budget of N27.5trn to NASS President Bola Tinubu on Wednesday, November 29, presented the 2024 budget of N27.5 trillion to the National Assembly (NASS) in Abuja. 🎥: @channelstelevision twitter.com/jesuispope/sta…

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