Following the false claims made by Senator Abdul Ningi, representing Bauchi Central, that President Bola Ahmed Tinubu-led Federal Government is operating two versions of the 2024 budget, we consider it appropriate to inform Nigerians that there is no truth whatsoever in the allegation.
Acting under the banner of Northern Senators’ Forum, Senator Ningi, falsely claimed in an interview he granted BBC Hausa Service, that the National Assembly debated and passed N25 Trillion as 2024 budget and not the N28.7 Trillion that is being implemented by the Federal Government.
To begin with, President Tinubu on November 29, 2023 presented a budget of N27.5 Trillion to the joint session of the National Assembly made up of N9.92 Trillion recurrent expenditure, Debt Service N8.25 Trillion and Capital Expenditure N8.7 Trillion.
This was widely reported. He did not present a budget of N25 Trillion.
Contrary to the strange view expressed by Senator Ningi, there was no way the Senate could have debated and passed a N25 Trillion budget that was not presented to the National Assembly.
We don’t expect a ranking Senator not to pay due attention to details before making wild claims.
It is also important to let Nigerians know that the budget that President Tinubu signed into law on January 1, 2024 as passed by the National Assembly was N28.7 Trillion.
The National Assembly, in its wisdom, increased the amount proposed by the Executive by N1.2 Trillion.
In the spirit of democracy which allows give and take, President Tinubu didn’t withhold his assent to the Appropriation Bill as passed by the National Assembly. We want to stress that if the budget figure was increased and made to be different from what the Executive proposed, it was the National Assembly that jacked it up in exercise of its power of appropriation.
On the uncharitable claim that the 2024 budget was anti-North, we found such position as canvassed by Senator Ningi as too far-fetched and unbecoming of a leader of his status.
President Tinubu is leading a government that is fair and equitable to every part and segment of Nigeria. In terms of funding, distribution of capital and priority projects, the 2024 Appropriation Act was not skewed against any section of the country.
The North as an integral part of the country is well covered in all areas, from security to agriculture, healthcare to education, and other important infrastructure such as roads, rail, dams, power and irrigation projects to support all year-round agriculture.
It is concerning that a Senator of the Federal Republic of Nigeria can employ such primordial antics to fuel divisive rhetoric at a time well-meaning Nigerians are joining hands with President Tinubu to raise the spirit of national cohesion, unity and inclusive politics.
We want to use this opportunity to commend Senator Yemi Adaramodu, Chairman Senate Committee on Media and Publicity for setting the record straight. We also commend Senators Steve Sunday Karimi (Kogi), Titus Tartenger Zam (Benue) and Kaka Sheu (Borno) for their forthrightness and for coming out against the misrepresentation of facts by Senator Ningi.
President Tinubu is a firm believer in the rule of law and constitutional democracy. As an avowed democrat, he will not engage and indulge in any unconstitutional action or act in any manner that assaults the Constitution of Nigeria by operating any budget outside the one approved by the National Assembly, which he dutifully signed into law.
We want to state categorically that the only 2024 budget that is being implemented is the N28.7 Trillion budget passed by the National Assembly and signed by the President.
Included in the budget are statutory transfers to the Judiciary, National Assembly, Tetfund and others.
Bayo Onanuga
Special Adviser to the President on Information & Strategy
FAQs
The U.S. government has spent $6.29 trillion in fiscal year 2024 to ensure the well-being of the people of the United States. Fiscal year-to-date (since October 2023) total updated monthly using the Monthly Treasury Statement (MTS) dataset.
What is the budget of the NIH 2024? ›
Congress has given the National Institutes of Health (NIH) an essentially flat budget of $47.1 billion, in a final 2024 spending bill that lawmakers are expected to approve in time to avert a partial government shutdown this weekend.
What is the budget for OPM 2024? ›
Budget Request – Fiscal Year 2024. The U.S. Office of Personnel Management (OPM) Office of the Inspector General (OIG) is requesting $45,784,000 for its fiscal year (FY) 2024 budget. This request is composed of $7,066,000 from the Salaries and Expenses (S&E) General Fund and $38,718,000 from the OPM Trust Funds.
What is the budget request for the FBI in 2024? ›
The mission of the FBI is to protect the American people and uphold the Constitution of the United States. The FBI's vision is to stay ahead of the threat. Resources: The FY 2024 budget request for FBI totals $11,386.0 million, which is a 0.4 percent increase over FY 2023 Enacted.
What will be in the 2024 budget? ›
Stamp Duty Land Tax – from 1 June 2024, the Government will abolish Multiple Dwellings Relief, a tax relief in the Stamp Duty Land Tax regime for people and businesses buying multiple properties in a single transaction (or multiple linked transactions).
What will the U.S. economy look like in 2024? ›
We foresee real GDP growth averaging 2.5% in 2024 and easing to 1.7% in 2025. Unmistakable labor market cooling: The soft July jobs report points to a deterioration in labor market conditions, in line with several other labor market indicators.
Who controls the NIH budget? ›
NIH submits its budget request to the Department of Health and Human Services (HHS), and the HHS considers this request as a portion of its budget. Many adjustments and appeals occur between NIH and HHS before the agency submits NIH's budget request to the Office of Management and Budget (OMB).
How much will the NIH budget for Alzheimer's in 2024? ›
The budget designates a generous $100 million increase for Alzheimer's disease and related dementias (AD/ADRD) research, including $90 million for NIA and $10 million for the National Institute of Neurological Disorders and Stroke; as well as $12.5 million for palliative care research.
What is the salary cap for NIH 2024? ›
The direct salary for individuals under NIH grant and cooperative agreement awards cannot exceed “Executive Level II” of the Federal Executive pay scale. Effective January 1, 2024, the salary limitation for Executive Level II is $221,900. The previous cap was $212,100.
What is the proposed budget for 2024? ›
BB2024-01: DIMENSIONS OF THE 2024 NATIONAL GOVERNMENT BUDGET (AS ENACTED UNDER RA NO. 11975) The 2024 GAA authorizes an expenditure program amounting to P5,767.6 billion which is 9.5% higher than last year's spending level, and is equivalent to 21.8% of the projected GDP this year.
The Biden Administration has worked to reverse these trends, providing federal employees a 4.6 percent pay raise in 2023 and a 5.2 percent raise in 2024. Nonetheless, federal employee pay increases have failed to keep pace with rising labor and living costs.
What is the budget of up in 2024? ›
Sources: Annual Financial Statement, Uttar Pradesh Budget 2024-25; PRS. Revenue expenditure for 2024-25 is proposed to be Rs 5,32,655 crore, an increase of 17% over the revised estimate of 2023-24. This includes the expenditure on salaries, pensions, interest, grants, and subsidies.
What is the proposed federal budget for 2024? ›
Federal outlays in 2024 total $6.5 trillion, which amounts to 23.1 percent of GDP. They stay close to that level through 2028 and then increase, reaching 24.1 percent of GDP by 2034. Growth in spending on programs that benefit elderly people and rising net interest costs drive those increases.
What is the budget for the DOJ 2024? ›
As shown in Figure 1, the Governor's budget proposes $1.3 billion to support DOJ operations in 2024-25—a decrease of $47 million (or 4 percent) over the revised amount for 2023-24. This decrease reflects various changes, including the expiration of limited-term funding.
What is the dod budget for 2024? ›
FY 2024 DEFENSE FUNDING LEVELS
Within this topline, the legislation authorizes $841.4 billion for the Department of Defense (DOD), $32.4 billion for national security programs within the Department of Energy (DOE), and $438.0 million in defense-related activities.
What is the budget for the IRS in 2024? ›
The FY 2024 base begins at the FY 2023 Enacted level of $12.3 billion. In addition to $537 million to maintain current staffing levels, the IRS requires another $281 million to reach current operating levels. The additional base adjustment entails supplementary labor costs within Taxpayer Services and Enforcement.
What is the federal budget for 2025? ›
The budget includes total outlays of $7.3 trillion in 2025, 24.8 percent of GDP. Over the 10-year window, outlays remain relatively flat as a share of GDP, at around 24.4 percent. The budget shows receipts coming in at $5.5 trillion in 2025, 18.7 percent of GDP.
