President Bola Tinubu is scheduled to present the 2024 Appropriation Bill to the National Assembly in the third week of November 2023, according to reliable sources within the Presidency. The presentation aims to maintain the budget implementation cycle from January to December. The President’s planned trip to Germany for the Compact-with-Africa initiative aligns with the presentation schedule. The 2024 budget, projected at N26.01tn, will be financed through savings from scrapped petroleum subsidies, tax revenues, and new borrowings. The Federal Executive Council had approved the Medium-Term Expenditure Framework for 2024 – 2026, emphasizing the January – December budget cycle.
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