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The Federal Government is projecting a sum of N26 trillion as the estimate for the 2024 appropriation budget.


The Minister of Planning and Budget, Atiku Bagudu, disclosed this while briefing State House correspondents at the end of the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu at the Presidential Villa in Abuja on Monday, October 16.

Joined by his colleagues from the Ministry of Information, Mohammed Idris; Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Works and Housing, Dave Umahi; Industry, Trade, and Investment, Doris Uzoka-Anite; and Labour and Employment, Simon Lalong, Bagudu said the council has approved the 2024–2026 medium-term expenditure framework (MTEF) and fiscal strategy papers (FSP).

He affirmed that the executive is required by the Fiscal Responsibility Act to present to the National Assembly, ahead of a budget presentation, a document that will provide the medium-term economic outlook for the budget.


By oyonews

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