NewStats: 3,261,245 , 8,173,491 topics. Date: Wednesday, 28 May 2025 at 04:20 PM 1qr4v

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 ed 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/

hope it works.

Please the government should make Life easy before the Christmas holiday

God bless Nigeria!!!!

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

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 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.

before we know our budget will hit 100trn with more supllimentary budget need yet little to show for it

To swallow?

Hehehe.

Time to cash out .

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

Nigeria matter taya man.

loool..how much dem wan borrow..how much dem wan spend on expensive lifestyle

27 Trillion on 27 November

God bless yoruba

🫤

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

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

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

Nigeria will know no peace until the son of a nobody can become somebody without knowing anybody. Late Mallam Amino Kano.

It's well

Hopefully, they use it appropriately

Them go share like 10.5trn within themselves first...dey play

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.

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 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.

K

Dey play
Jagaban budget

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

They will still embezzle half of the budget

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

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!

Nigeria 🇳🇬 will be great in our lifetime,
Whether the evil ones like it or not.

God bless our darling nation.

God bless Nigeria 🇳🇬 🙏 ❤️

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.

This is lugubrious and pisma disma of the government of the day - Ogbiagbon

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

God bless Nigeria