Four months into the 2024 fiscal year, the federal government is yet to begin implementation of the capital component of the 2024 national budget which has many implications on the nation’s economy.
This was as the government said that it has released funds for all requisitions from Ministries, Departments and Agencies for the implementation of 2023 capital projects.
The budget titled “Budget of Renewed Hope” has a proposed expenditure of N27.5 trillion, an estimated revenue of N18.32 trillion and N8.7 trillion for the 2024 fiscal year.
Accountant General of the Federation Mrs Oluwatoyin Madein said the government was still implementing capital allocations of the 2023 budget that the National Assembly extended at the end of 2023 year-end. She said the decision to continue with the implementation of the 2023 budget was taken after consultation with the minister of finance and coordinating minister of the economy, and minister of budget and economic planning when the lawmakers who…
Source: Leadership Newspaper
