Sponsored
Opinion

No Plans By Federal Govt To Run 4 Budgets Within A Fiscal Year

Sponsored
Sponsored

TEMITOPE AJAYI 

Two days ago, Budgit raised a false alarm on the basis of rumours that FG is planning a 2024 supplementary budget. It is important to state that the FG is not planning to run 4 budgets within a fiscal year as being alleged.

 

The National Assembly only approved that implementation of the capital components of 2023 budget and 2023 supplementary should be extended to December 2024 to achieve its objectives.

 

Our country can’t achieve sustainable development when Federal, States and Local governments focus only on consumptive expenditures which is essentially what recurrent expenditures represent.

 

It is the capital expenditures that drive economic growth, strengthen private sector output and create employment opportunities for citizens.

 

As a reputable civic organisation, Budgit can not afford to be flippant and be unduly sensational. Expectedly, Mr. Peter Obi has jumped on the false claims to push his new round of misinformation.

 

Sponsored
Alinnor Arinze

Recent Posts

Democracy Day: Princess Folashade Olabanji-Oba Rallies Nigerians Especially Women To Make Polling Units ‘Beacons Of Hope’ Ahead Of 2027

As Nigeria marks another historic June 12 Democracy Day, prominent political leader, Aarebirin Hon. Princess…

2 hours ago

Ikeja LG Boss, Comrade Dauda Greets Nigerians On Democracy Day

OLALEKAN ONI As Nigeria marks another Democracy Day, the Executive Chairman of Ikeja Local Government,…

3 hours ago

JMG At 28 – A Groundbreaking Trajectory from Generator Supplier to Electro- Mechanical Powerhouse

JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership,  marking…

4 hours ago

Insight Redefini Names Babatunde Olaifa New Group CEO

Insight Redefini Group, Nigeria and West Africa’s largest integrated marketing communications network and a member…

5 hours ago

Access Holdings Chairman, Aig-Imoukhuede Says Acquisition Phase Over, Focus Shifts to Shareholder Returns

BY FUNSHO AROGUNDADE Access Holdings Plc Chairman Aigboje Aig-Imoukhuede said the group has completed 20…

5 hours ago

Details of Proposed Constitutional Amendments for the Establishment of State Police And Federal Police

These are the details of proposed Constitutional Amendments for the Establishment of the State Police…

7 hours ago
Sponsored