Thursday, July 3, 2025
  • About Us
  • Advertisement
  • Privacy Policy
The Daily Crucible
  • Home
  • News
  • Business
    Lagos Bans Real Estate Practice, Others Without LASRERA Certification

    Lagos Bans Real Estate Practice, Others Without LASRERA Certification

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

    Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

    Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

    Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

    Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

     Let Bayo Ojulari Clean the Rot In NNPCL, Oil Experts Tell Tinubu

     Let Bayo Ojulari Clean the Rot In NNPCL, Oil Experts Tell Tinubu

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    I’m Still Saving My Virginity – Actress Olayode

    I’m Still Saving My Virginity – Actress Olayode

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games Activities Grounded As Ogun Athletes Protest Over Unpaid Allowance

    Gateway Games Activities Grounded As Ogun Athletes Protest Over Unpaid Allowance

    Odogbolu Leads As First Local Govt To Adopt eSports

    Odogbolu Leads As First Local Govt To Adopt eSports

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
  • Home
  • News
  • Business
    Lagos Bans Real Estate Practice, Others Without LASRERA Certification

    Lagos Bans Real Estate Practice, Others Without LASRERA Certification

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

    FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

    Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

    Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

    Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

    Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

     Let Bayo Ojulari Clean the Rot In NNPCL, Oil Experts Tell Tinubu

     Let Bayo Ojulari Clean the Rot In NNPCL, Oil Experts Tell Tinubu

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    I’m Still Saving My Virginity – Actress Olayode

    I’m Still Saving My Virginity – Actress Olayode

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games Activities Grounded As Ogun Athletes Protest Over Unpaid Allowance

    Gateway Games Activities Grounded As Ogun Athletes Protest Over Unpaid Allowance

    Odogbolu Leads As First Local Govt To Adopt eSports

    Odogbolu Leads As First Local Govt To Adopt eSports

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: Athletes, Spectators Flee As Gas Explosion Rocks Alake Sports Complex

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

    Gateway Games: NSC Disqualifies 6 Athletes Over Alleged Doping Issues

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
No Result
View All Result
Home Business

2024: Tinubu Makes Defence, Education, Health Top Priorities In N27.5tr Budget 

The Daily Crucible by The Daily Crucible
November 30, 2023
in Business
0
2024: Tinubu Makes Defence, Education, Health Top Priorities In N27.5tr Budget 

 

 

You might also like

Lagos Bans Real Estate Practice, Others Without LASRERA Certification

ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

President Bola Ahmed Tinubu has considered defence, human capital development, healthcare and education as top priorities in the N27.5 trillion Federal budget estimate for 2024.

This was contained in his maiden 2024 Appropriation Bill President Tinubu to a joint session of the National Assembly on Wednesday.

The President christened it Budget of Renewed Hope which is predicated on an exchange rate of N750 to a dollar, an oil benchmark of $77.96 per barrel and an oil production estimate of 1.78 million barrels per day.

The projected deficit is N9.18 trillion, lower than the N13.7 trillion in the 2023 budget.

The President said the deficit will be financed through new borrowings totalling N7.83 trillion, with N298.49 billion to be raised from privatisation proceeds and N1.05 trillion drawdown on multilateral and bilateral loans secured for specific development projects.

President Tinubu said: “An aggregate expenditure of N27.5 trillion is proposed for the Federal Government in 2024, of which the non-debt recurrent expenditure is N9.92 trillion while debt service is projected to be N8.25 trillion and capital expenditure is N8.7 trillion.”

He said Nigeria remains committed to meeting its debt obligations, adding that 45 per cent of expected revenue has been projected for debt servicing.

 

The President said his administration was committed to broad-based and shared economic prosperity and is reviewing social investment programmes to enhance their implementation and effectiveness.

He said: “The National Social Safety Net project will be expanded to provide targeted cash transfers to poor and vulnerable households.

“In addition, efforts will be made to graduate existing beneficiaries toward productive activities and employment.

ADVERTISEMENT

“We are currently reviewing our tax and fiscal policies.

“Our target is to increase the ratio of revenue to GDP from less than 10 per cent currently to 18 per cent within the term of this Administration.

“The government will make efforts to further contain financial leakages through effective implementation of key public financial management reforms.

“In view of the limited resources available through the federal budget, we are also exploring Public Private Partnership arrangements to finance critical infrastructure.

“We, therefore, invite the private sector to partner with us to ensure that our fiscal, trade and monetary policies, as well as our developmental programs and projects, succeed in unlocking the latent potential of our people and other natural endowments, in line with our national aspirations.”

The President acknowledged that inflation has trended upward due to weak global conditions.

“To contain the rising domestic prices, we will ensure effective coordination of fiscal and monetary policy measures, and collaborate with sub-national governments to address structural factors driving inflation in Nigeria,” he said.

President Tinubu is hopeful that the 2024 budget proposal meets the goal of “completing critical infrastructure projects which will help address structural problems in the economy by lowering the costs of doing business for companies and the cost of living for the average person.”

He added: “The proposed budget seeks to achieve job-rich economic growth, macro-economic stability, a better investment environment, enhanced human capital development, as well as poverty reduction and greater access to social security.

“Defence and internal security are accorded top priority.

“The internal security architecture will be overhauled to enhance law enforcement capabilities and safeguard lives, property and investments across the country.

“Human capital is the most critical resource for national development.

“Accordingly, the budget prioritises human development with particular attention to children, the foundation of our nation.

“To improve the effectiveness of our budget performance, government will focus on ensuring value for money, greater transparency and accountability.

“In this regard, we will work more closely with development partners and the private sector.

“To address long-standing issues in the education sector, a more sustainable model of funding tertiary education will be implemented, including the Student Loan Scheme scheduled to become operational by January 2024.

“A stable macro-economic environment is important to catalyse private investment and accelerate economic growth.

“We have and shall continue to implement business and investment-friendly measures for sustainable growth.

“We expect the economy to grow by a minimum of 3.76 per cent, above the forecasted world average. Inflation is expected to moderate to 21.4 percent in 2024…

“I am confident that these budgetary allocations and directives will set Nigeria on a transformative path towards a sustainable and resilient energy future, fostering economic growth, job creation, and environmental preservation.”

President Tinubu expressed hope that the predictable January-December fiscal year will be sustained.

He urged the National Assembly to ensure that only projects and programmes with equitable benefits are allowed into the 2024 Budget.

The President praised the lawmakers for the swift consideration and passage of the 2023 Supplementary Appropriation Bills and the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper.

Urging them to ensure that deliberations on the budget are thorough and concluded with reasonable dispatch, President Tinubu said the goal is for the Appropriation Act to come into effect on January 1, 2024.

President Tinubu was accompanied by Vice President Kashim Shettima and others, such as: Secretary to the Government of the Federation, George Akume, All Progressives Congress (APC) National Chairman, Abdullahi Ganduje, Chief of Staff to the President, Femi Gbajabiamila, Inspector General of Police, Kayode Egbetokun, Ministers Nyesom Wike (Federal Capital Territory (FCT), Wale Edun (Finance and Coordinating Minister of the Economy), Muhammed Idris (Information and National Orientation), Simon Lalong (Labour and Employment), Governors Babajide Sanwo-Olu (Lagos), Yahaya Bello (Kogi), Abdullahi Sule (Nasarawa), and Babagana Zulum (Borno).

– The Nation

Previous Post

Mob Lays Siege To Our Kogi Office  – INEC 

Next Post

Ogun Assembly Upholds Minority Leader’s Call On Tertiary Institutions To Reduce Tuition Fees 

The Daily Crucible

The Daily Crucible

The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress and greatness, given the heterogeneity of her citizens. We shall vigorously pursue this vision and anchor it on tripod of truth, justice and fairness. We shall feed the general public with robust information they need to make informed decision on issues and matters that affect them, promote human - capital development, freedom and free market enterprise. And our loyalty shall be to Nigeria and public interest, and shall respect ethnic, religious and political diversity without being partisan and sectional.

Related Posts

Lagos Bans Real Estate Practice, Others Without LASRERA Certification
Business

Lagos Bans Real Estate Practice, Others Without LASRERA Certification

by The Daily Crucible
June 29, 2025
ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah
Business

ICYMI: President Tinubu Confers GCON on Outgoing Afrexim Bank Chairman, Benedict Oramah

by The Daily Crucible
June 28, 2025
FG Gives N60B To Gombe For Agro-Livestock Industrial Zone
Business

FG Gives N60B To Gombe For Agro-Livestock Industrial Zone

by The Daily Crucible
June 16, 2025
Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK
Business

Pelican Valley CEO, Dabiri-Erewa To Poach Diaspora Investments From UK

by The Daily Crucible
June 14, 2025
Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise
Business

Nigeria’s Foreign Trade Hits ₦36,025 Billion In Q1, ’25 As Oil, Non – Oil Exports Rise

by The Daily Crucible
June 11, 2025
Next Post
Ogun Assembly Upholds Minority Leader’s Call On Tertiary Institutions To Reduce Tuition Fees 

Ogun Assembly Upholds Minority Leader's Call On Tertiary Institutions To Reduce Tuition Fees 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Naira Scarcity: Continue To Spend Old Notes, Abiodun Tells Ogun Residents 

Naira Scarcity: Continue To Spend Old Notes, Abiodun Tells Ogun Residents 

February 18, 2023
Sports Festival: Gov. Abiodun Rains Millions On Athletes

Sports Festival: Gov. Abiodun Rains Millions On Athletes

December 13, 2022

Categories

  • Business
  • Column
  • Education
  • Entertainment
  • Health
  • Interview
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Property
  • Sports
  • World

Don't miss it

We Pay $2,500 Annually For Work Permit, Nigerians In St. Lucia Tell Tinubu
News

We Pay $2,500 Annually For Work Permit, Nigerians In St. Lucia Tell Tinubu

July 3, 2025
Domestic Cooking Gas Price Rises By 3.57 Percent – NBS 
News

Domestic Cooking Gas Price Rises By 3.57 Percent – NBS 

July 2, 2025
 Court Jails 8 In Calabar For Internet Fraud
News

 Court Jails 8 In Calabar For Internet Fraud

July 2, 2025
Alleged N27b Fraud: Darius Ishaku Advised Me to Hide For 6 Months To Evade EFCC Investigation – Witness
News

Alleged N27b Fraud: Darius Ishaku Advised Me to Hide For 6 Months To Evade EFCC Investigation – Witness

July 2, 2025
Iresaadu Community Kicks Against Soun’s Town Hall Meeting, vows to shun it
News

Iresaadu Community Kicks Against Soun’s Town Hall Meeting, vows to shun it

July 2, 2025
Ralph Nwosu, Other ADC Leaders Stepped Down For Mark, Aregbesola
News

Ralph Nwosu, Other ADC Leaders Stepped Down For Mark, Aregbesola

July 2, 2025
The Daily Crucible

The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress, and greatness, given the heterogeneity of its citizens.

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.

No Result
View All Result
  • Home
  • News
  • Politics
  • Property
  • Business
  • Education
  • Health
  • Entertainment
  • About Us

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.