ARTICLE · 19 DECEMBER 2023

Highlights Of The 2024 Budget Proposal

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On 29th November 2023, President Bola Ahmed Tinubu, GCFR presented the 2024 Federal budget proposals to a joint session of the National Assembly.

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Adeyemi Adediran

Temitope Kolade

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On 29th November 2023, President Bola Ahmed Tinubu, GCFR presented the 2024 Federal budget proposals to a joint session of the National Assembly. The 2024 budget themed "Budget of Renewed Hope" is the first full year budget to be proposed by the current administration. The budget is geared toward making significant strides in cementing macro-economic stability, reducing deficit, increasing capital spending and allocation to reflect the eight priority areas of the administration.

We have summarised the key highlights of the budget proposal below:

Key Parameters & Assumption Underpinning the 2023 Budget

Revenue Projection

Planned 2024 Expenditure

Budget Deficit

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