FG’ll no longer run 4 budgets in 2024, says Presidency

The Presidency on Saturday denied claims that it’s going to run 4 budgets within the 2024 fiscal day.

This got here because the President’s Senior Particular Laborer on Media and Exposure, Mr. Temitope Ajayi, reacted to a tale of tweets by way of former Anambra Situation Governor, Peter Obi, who alleged that the Tinubu-led govt used to be working 4 budgets similtaneously.

Ajayi wrote “The day past, @BudgITng raised a fake alarm at the foundation of rumours that FG is making plans a 2024 additional funds.

“It’s noteceable to shape that the FG isn’t making plans to run 4 budgets inside of a fiscal day as being alleged.

“The National Assembly only approved that implementation of the capital components of 2023 budget and 2023 supplementary should be extended to December 2024 to achieve its objectives.”

Ajayi stated Nigeria can not succeed in sustainable building when Federal, States and Native governments center of attention on simplest consumptive expenditures which is largely what recurrent expenditures constitute.

“It is the capital expenditures that drive economic growth, strengthen private sector output and create employment opportunities for citizens,” he added.

He cautioned the civic organisation, Budgit, to be cautious of flippancy and the propensity to be unduly sensational.

“Expectedly, @PeterObi has jumped on the false claims to push his new round of misinformation,” he stated.

In an previous interview with our correspondent, the Particular Abettor to the President on Knowledge and Technique, Mr. Bayo Onanuga, stated the 2023 and 2024 budgets would run concurrently.

His feedback apply a call by way of the Nationwide Meeting to increase the responsive length of the 2023 funds from June 2024 to December 2024.

It have been moved from December 2023 to March 2024 previous.

“They are some elements of that (2023) budget that were not implemented. That is why they are moving it forward to be implemented,” defined Onanuga.

He added, “They’ve already gotten the provisions supposed for them. So they’re looking to put together certain they enforce them in response to the availability of that funds.

“It means the 2023 and 2024 budget will run concurrently.”

PUNCH On-line previous reported {that a} non-profit organisation, BudgiT, condemned the proposed elongation of the implementation length of each the 2023 annual and additional funds by way of the Federal Executive, describing it as an anomaly.

In a Friday commentary by way of its communications officer, Nancy Odimegwu, BudgiT stated it used to be worrisome that the Federal Executive might be drafting a 2024 additional funds to be applied along the 2023 every year funds, 2023 additional funds, and 2024 annual funds.

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