x

FG Disputes Allegations of 2024 Budget Padding

The Minister of Budget and National Planning, Abubakar Bagudu, refuted claims of budget padding in the 2024 budget during a press briefing in Abuja on Thursday.

Addressing journalists, Bagudu dismissed allegations made by Senator Abdul Ningi, representing Bauchi Central Senatorial District, who claimed that the 2024 budget was padded by N3 trillion, suggesting the existence of two versions of the budget.

Ningi’s remarks were reportedly made in an interview with BBC Hausa Service over the weekend.

However, Bagudu clarified that there was no disparity in the budget, explaining that President Bola Tinubu submitted a budget proposal of 25.2 trillion naira, while the National Assembly increased it to 28.7 trillion naira.

“The Constitution mandates the president to submit the budget proposal to the National Assembly. The National Assembly has the final say in terms of appropriation. There can be no appropriation without additions, subtractions, or agreement to the one presented. The National Assembly deemed it fit to increase the budget from N25.5 trillion presented by the president to N28.7 trillion, which is what the president is working with,” Bagudu clarified.

Hot this week

CBN RATE CUT OF 26.5: VOICES, UPSETS AND PROSPECTS

Adefolarin A. OlamilekanArguably, the latest 26.5% Central Bank of...

Nasarawa Secures $1.008 Billion in Domestic, Foreign Investments

By Abel Zwanke, LafiaNasarawa State secured domestic and foreign...

Assembly Lauds ECEWS, Aviclaire Climate-Smart Agriculture Initiative in A’Ibom

By Ogenyi Ogenyi, UyoThe has commended a climate-smart agriculture...

Edo Ika Igbo Communities Back Anioma State Creation, Seek Inclusion in Proposed State

By Anne AzukaIka Igbo–speaking communities in Edo State have...

Media Rights Group Condemns Police Invitation of Activist Over FOI Request

By Achadu Gabriel, KadunaA media advocacy organisation, Media...

2027: I Have No Anointed Candidates, Says Kaduna Governor Uba Sani

Kaduna State Governor Uba Sani says he has no...

Group Petitions Tinubu Over Alleged Handling of Abducted Girls in Borno, Yobe

By Achadu Gabriel, KadunaA civil society group, the...

Bayelsa APC Elects Warman Ogoriba as State Chairman

The All Progressives Congress (APC) in Bayelsa State has...

TCN Begins Maintenance at Fakun 330/132/33kV Substation, Power Supply Affected

By Jabiru HassanThe Transmission Company of Nigeria (TCN)...

NCDMB Signs Management Deal with Radisson for 204-Room Hotel in Yenagoa

The Nigerian Content Development and Monitoring Board (NCDMB) has...

INC Election Crisis: Disqualified Aspirants Seek Diri’s Intervention

Tension is mounting ahead of the Ijaw National Congress...

Related Articles

Popular Categories

spot_imgspot_img