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FEC Approves N27.5tn For 2024 Budget - Politics - Nairaland

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FEC Approves N27.5tn For 2024 Budget by politicoNG: 5:41pm On Nov 27, 2023
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.”

https://www.google.com/amp/s/thenationonlineng.net/breaking-fec-approves-n27-5tn-for-2024-budget/amp/

5 Likes

Re: FEC Approves N27.5tn For 2024 Budget by slivertongue: 5:42pm On Nov 27, 2023
hope it works.

6 Likes

Re: FEC Approves N27.5tn For 2024 Budget by Jadiks: 5:43pm On Nov 27, 2023
Please the government should make Life easy before the Christmas holiday

3 Likes

Re: FEC Approves N27.5tn For 2024 Budget by BigBlackPreek(m): 5:44pm On Nov 27, 2023
God bless Nigeria!!!!

8 Likes 2 Shares

Re: FEC Approves N27.5tn For 2024 Budget by chukadiho1(m): 5:46pm On Nov 27, 2023
This huge! I pray Nigerians will benefit from the humongous 2024 package from the federal government.

8 Likes

Re: FEC Approves N27.5tn For 2024 Budget by Faiththatworks(m): 5:58pm On Nov 27, 2023
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.

16 Likes 2 Shares

Re: FEC Approves N27.5tn For 2024 Budget by oluwaseyi0: 6:01pm On Nov 27, 2023
before we know our budget will hit 100trn with more supllimentary budget need yet little to show for it

5 Likes

Re: FEC Approves N27.5tn For 2024 Budget by loveli2uall: 6:01pm On Nov 27, 2023
To swallow?

4 Likes

Re: FEC Approves N27.5tn For 2024 Budget by crossfm: 6:01pm On Nov 27, 2023
Hehehe.

Time to cash out grin.

Politicians, food don don oh. Looting is about to start. Padded money and missing one's too.

Nigeria matter taya man.

15 Likes 2 Shares

Re: FEC Approves N27.5tn For 2024 Budget by obaidan: 6:01pm On Nov 27, 2023
loool..how much dem wan borrow..how much dem wan spend on expensive lifestyle

4 Likes

Re: FEC Approves N27.5tn For 2024 Budget by jhydebaba(m): 6:02pm On Nov 27, 2023
27 Trillion on 27 November

7 Likes

Re: FEC Approves N27.5tn For 2024 Budget by Khyrvxjzy: 6:02pm On Nov 27, 2023
God bless yoruba

5 Likes

Re: FEC Approves N27.5tn For 2024 Budget by Houseofglam7(f): 6:02pm On Nov 27, 2023
🫤
Re: FEC Approves N27.5tn For 2024 Budget by CoronaVirusPro: 6:02pm On Nov 27, 2023


God bless His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)

5 Likes

Re: FEC Approves N27.5tn For 2024 Budget by Urheadmaster(m): 6:03pm On Nov 27, 2023
Money they'll share among themselves.


Money will flow during spending moment and is the business mogul in Nigeria that will benefit during the spending tonguegrin
chukadiho1:
This huge! I pray Nigerians will benefit from the humongous 2024 package from the federal government.

2 Likes

Re: FEC Approves N27.5tn For 2024 Budget by ButterBerry: 6:03pm On Nov 27, 2023
Nigeria will know no peace until the son of a nobody can become somebody without knowing anybody. Late Mallam Amino Kano.

3 Likes

Re: FEC Approves N27.5tn For 2024 Budget by Obagreatdatoye(m): 6:03pm On Nov 27, 2023
It's well
Re: FEC Approves N27.5tn For 2024 Budget by Nairobi37: 6:03pm On Nov 27, 2023
Hopefully, they use it appropriately
Re: FEC Approves N27.5tn For 2024 Budget by PHZADDY1(m): 6:04pm On Nov 27, 2023
Them go share like 10.5trn within themselves first...dey play

4 Likes 1 Share

Re: FEC Approves N27.5tn For 2024 Budget by grandstar(m): 6:05pm On Nov 27, 2023
It is important that government reduces corporate tax to 15% or less. This should ignite an investment led economic boom.

The CBN must also tackle inflation by increasing interest rates. This is the elephant in the room. The t20 biggest beneficiaries would be the FG and the economy.

If the government is hoping an influx of foreign exchange to strengthen the Naira which by in turn reduce inflation, it would be disappointed in the medium and long term.

4 Likes

Re: FEC Approves N27.5tn For 2024 Budget by Obakoolex(m): 6:05pm On Nov 27, 2023
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.
God bless you!
I like people with optimistic mind.....

The wailers can decide to see corruption
But just like Caleb and Josh we decide to see greatness in the birth of new Nigeria under the leadership of president Tinubu.

3 Likes

Re: FEC Approves N27.5tn For 2024 Budget by OgunleyeA1: 6:06pm On Nov 27, 2023
K
Re: FEC Approves N27.5tn For 2024 Budget by tishbite42: 6:06pm On Nov 27, 2023
Dey play
Jagaban budget
Re: FEC Approves N27.5tn For 2024 Budget by God1000(m): 6:06pm On Nov 27, 2023
Wow, this is just $33 billion dollars, our naira is indeed worthless.

They will still embezzle half of the budget

1 Like 1 Share

Re: FEC Approves N27.5tn For 2024 Budget by kingsways: 6:07pm On Nov 27, 2023
The entire national budget is N27 trillion but N16 trillion was apparently stolen in the name of maintenance of refineries that have not refined anything for years .... and Nigerians are just going about sheepishly as if they dont care
Re: FEC Approves N27.5tn For 2024 Budget by SensualMan: 6:08pm On Nov 27, 2023
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!
Re: FEC Approves N27.5tn For 2024 Budget by MANNABBQGRILLS: 6:09pm On Nov 27, 2023
Nigeria 🇳🇬 will be great in our lifetime,
Whether the evil ones like it or not.

God bless our darling nation.

God bless Nigeria 🇳🇬 🙏 ❤️

11 Likes 2 Shares

Re: FEC Approves N27.5tn For 2024 Budget by MANNABBQGRILLS: 6:10pm On Nov 27, 2023
God1000:
Wow, this is just $33 billion dollars, our naira is indeed worthless.

They will still embezzle half of the budget
$33Billion?

And Texas State budget for 2024 alone is $321.3 billion
(Just one state in America 🇺🇸)
It is well.
We rest our case.

12 Likes 2 Shares

Re: FEC Approves N27.5tn For 2024 Budget by Olawade24: 6:12pm On Nov 27, 2023
This is lugubrious and pisma disma of the government of the day - Ogbiagbon
Re: FEC Approves N27.5tn For 2024 Budget by Eriggs: 6:13pm On Nov 27, 2023
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!
Yen yen yen.
All these pikins go just open mouth wahm.
Dem tell u say budget na palliative when dem go share for you and your village people abi.
School is not scam after all.
Shame on you ooo

11 Likes

Re: FEC Approves N27.5tn For 2024 Budget by ecolime(m): 6:13pm On Nov 27, 2023
God bless Nigeria

1 Like

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