President Tinubu has stated his administration’s plans for 2024 concerning the National Safety Net project.
The President plans to expand the safety net project to provide more cash to the poor and vulnerable among Nigerians.
The President stated this during the 2024 appropriation bill presentation before a combined session of both houses of the National Assembly (NASS).
The President said,
The Tinubu administration has embarked on a slew of cash transfer intervention programs aimed at ameliorating the economic hardship being faced by the poor and vulnerable across the country.
Tinubu plans to secure funding commitments for Nigeria’s energy transition at COP 28
Also, the President plans to use the Conference of Parties (COP28) summit billed to be held in the United Arab Emirates (UAE) to secure tangible commitments in Nigeria’s energy space to guarantee growth and development.
He hoped the COP 28 summit would be one where such projects concerning energy transition would be discussed and private funding secured.
He stated,
The total expenditure for the 2024 fiscal year stands at N27.5 trillion with non-debt recurrent expenditure at N9.92 trillion and debt service projected to be 8.25 trillion. Around N8.7 trillion is earmarked for capital expenditure.
The federal government adopted crude oil production at 1.7 million barrels daily and benchmark price at $77.96 with the exchange rate pegged at N750/$.
