The Federal Executive Council (FEC), on Monday, November 27, approved a sum of N27.5 trillion aggregate expenditure for the 2024 Appropriation Bill.

Disclosing this to journalists after the FEC meeting presided over by President Bola Tinubu at the State House, Abuja, the Minister of Budget and Economic Planning, Alhaji Atiku Bagudu, also said the targeted revenue for next year is N18 trillion.

According to him, further details of the budget will be released when President Tinubu makes his presentation of the budget to the National Assembly.

He further disclosed that the Medium Term Expenditure Framework (MTEF), which had been passed by the National Assembly, was further reviewed.

Bagudu said: “The federal executive council considered the 2024 Appropriation bill. The MTEF was earlier approved by the National Assembly. It has an exchange rate of N700 to a dollar and a crude oil benchmark of $73.

“To improve revenue, the council further reviewed the MTEF, with an exchange rate of N750 to a dollar, and a crude oil benchmark of $77. This will significantly improve revenue.”

chukadiho1:
This huge! I pray Nigerians will benefit from the humongous 2024 package from the federal government.

Faiththatworks:
God bless Asiwaju,God bless Nigeria.
I believe the figures for next year's budget are very realistic and workable
A revenue projection of 18trillion, meaning we will borrow 9 trillion,I believe this is a far better projection than what Baba Buhari put together in his last 3 years.
But in all fairness to Baba Buhari,the removal of the fuel subsidy by Asiwaju has really increased the revenue profile of Nigeria.
Hopefully there will be some form of salary increase in the budget to cushion the effects of the fuel subsidy removal.
But as a man who loves to play with figures,I have to talk Again about the upcoming Dangote Refinery.
If you put the figures Alh Dangote mentioned he will generate from his Refinery paripaso with what Nigeria is projecting to earn Next year,then only a blind man will refuse to understand the enormous giant that's about to unleashed.
The Refinery is projected to earn around 15 billion dollars next year,if converted at the black market rate is almost equal to what Nigeria as a country will earn in the same year.
One company will generate as much revenue as a country,that should excite any investor.
I repeat again,don't miss any opportunity to invest around the Refinery.
Still selling LAND around Ibeju-lekki
God bless Nigeria.

God1000:
Wow, this is just $33 billion dollars, our naira is indeed worthless.

They will still embezzle half of the budget

SensualMan:
Chai Tinubu pity Nigerians!
Pity yorubas!
Pity Ronu's!
Pity Agbado's!

In all these Trillions, no yoruba urchin that voted Tinubu will see shingbai!

On your mandate!