Minister of Budget and Economic Planning Atiku Bagudu has announced that the Nigerian government has increased the 2024 budget proposal from N26 trillion to N27.5 trillion due to prevailing economic realities. Bagudu revealed this information during a briefing after the Federal Executive Council meeting. Further details of the budget will be released when the President presents it to the National Assembly. The forecast revenue for 2024 is N18.2 trillion, higher than the previous year.
Minister of Budget and Economic Planning Atiku Bagudu has asserted that the prevailing economic realities compelled the Federal Government to raise the 2024 budgetary proposal from the initial N26 trillion to N27.5 trillion. Bagudu disclosed while briefing State House correspondents on the latest developments at the end of the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu at the Council Chamber, Presidential Villa, Abuja.
He said further details of the budget will be released when the President formally makes a presentation to the National Assembly in a few days. Bagudu also said the MTEF and fiscal policy frameworks, which had been passed by the National Assembly, were further reviewed. According to him: 'This has an aggregate of 27 trillion, 500 billion naira, which is an increase of over 1.5 trillion from the previous estimate using the old reference prices.' The minister disclosed that the forecast revenue for 2024 is N18.2 trillion, explaining that it is higher than the 2023 revenu
Nigeria Budget Economic Planning Atiku Bagudu Federal Government 2024 N27.5 Trillion Revenue
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