The federal government is proposing the sum of 26.01 trillion naira as the 2024 budget.

The minister of Budget and planning, ATIKU BAGUDU, announced the budget proposal at the end of the Federal Executive Council meeting held at the presidential villa, Abuja.

The federal government also approved the Medium-Term Expenditure Framework for 2024 – 2026.

BAGUDU affirmed that the administration would maintain the January – December budget implementation cycle as President BOLA TINUBU would soon present the 2024 appropriation bill to the National Assembly to ensure its ratification before December 31, 2023.

The Minister also stated that the federal government would present a supplementary budget given its growing obligations since the removal of petroleum subsidy.

He explained that the perceived delays would not truncate the January – December implementation cycle because the President is engaging with the National Assembly long before presentation day.