Showing posts with label 2023 Supplementary Budget. Show all posts
Showing posts with label 2023 Supplementary Budget. Show all posts

Tuesday, December 19, 2023

Nigeria: Time To Clean Up The Budget Process

 By Tunde Bamise

It is budget season again for Nigeria. In November, President Bola Tinubu assented to the 2023 Supplementary Budget, and, a few weeks later, presented the 2024 Appropriation Bill to the National Assembly. Naturally, this has been followed by a lot of debate and conversation about the details of the budget.

President Tinubu, in his presentation speech to the National Assembly, described it as “Our Budget of Renewed Hope; a budget which will go further than ever before in cementing macro-economic stability, reducing the deficit, increasing capital spending and allocation to reflect the eight priority areas of this Administration.”