Budget 2024: Tinubu directs MDAs to submit monthly performance reports

Budget 2024: Tinubu directs MDAs to submit monthly performance reports


President Bola Tinubu signed the 2024 Appropriations Bill, consistent with his administration's commitment to maintaining a predictable and efficient budget cycle over time.

According to a statement by President Tinubu’s Spokesperson, Ajuli Ngerale, made available to the Press Secretary, President Tinubu gave his assent to the bill at the Abuja State House of Assembly on Monday, shortly after his return to Abuja from Lagos.

The top priorities of the N28.7 trillion 2024 budget are defense and internal security, job creation, macroeconomic stability, improving the investment climate, human capital development, poverty reduction and social security.

At the time of signing the bill, the President assured Nigerians that budget implementation would proceed efficiently and be vigorously monitored, stating that “all institutional mechanisms are in place to ensure diligent implementation. We must take responsibility,” he added.

“All MDAs are directed to responsibly submit monthly budget performance reports to the Ministry of Budget and Economic Planning, which will ensure their accuracy. Minister of Finance and Economic Coordination. The Minister shall conduct regular reviews with the Economic Management Team, and I will also chair regular Economic Coordination Council meetings.”

The president said his efforts to strengthen investment facilitation while building a rules-based society that does not privilege individuals over the law will begin with significant reforms to the Nigerian judiciary, funds for which will be earmarked in the 2024 Appropriations Act. He emphasized that there is.

“Funding the judiciary is a key element in our efforts to support a fair and rules-based society. Statutory transfers to the judiciary have been increased from N165 billion to N342 billion,” the President said. Stated.

Key estimates include capital expenditure of N10 trillion; Current expenditure, 8.8 trillion naira. Debt repayments are 8.2 trillion naira and statutory provision is 1.7 trillion naira.

The signing was attended by Senate President Godswill Akpabio and House of Representatives Speaker Tajudeen Abbas.

Other government officials who attended the brief ceremony included Finance Minister Wale Edun and Economic Coordinating Minister. Chief of Staff to the President, Femi Gbajabiamila. Minister of Budget and Economic Planning, Senator Atiku Bagudu, and National Security Adviser Nuhu Ribadu.

Source: guardian.ng

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