The Bola Tinubu-led Federal Government has proposed N26 trillion as the 2024 budget to be submitted to the National Assembly before December 31, 2023.
The Minister of Planning and Budget, Atiku Bagudu, made the budget proposal known at the end of the Federal Executive Council (FEC) meeting held on Monday, at the Council Chamber of the Presidential Villa, Abuja.
President Bola Tinubu presided over the FEC meeting, which is the second meeting held since the inauguration of the cabinet
Atiku Bagudu disclosed that FEC also approved the 2024/2026 medium term expenditure and fiscal framework, (MTEF), with N700/$ bench mark.
The 2024 to 2026 MTEF was proposed with the assumption that investment will continue to flow with stronger Naira.
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