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Tinubu Extends Birthday Wishes to Ooni of Ife on His 49th Birthday; Bola Tinubu’s Government Presents N26 Trillion 2024 Budget.

Published

7 months ago

October 17, 2023

Stella Charles Akupue

Tinubu Extends Birthday Wishes to Ooni of Ife on His 49th Birthday; Bola Tinubu's Government Presents N26 Trillion 2024 Budget.

Celebrating the Co-Chairman of the National Council of Traditional Rulers of Nigeria (NCTRN), President Tinubu, in a statement issued through his spokesperson, Ajuri Ngelale, expressed gratitude to the monarch for his support to his administration and remarkable efforts in rallying Royal Fathers from across the nation.

“As the revered custodian of Yoruba heritage, history, and traditions, the President acknowledges the invaluable role of Oba Ojaja II in preserving and passing down the cultural and spiritual practices of the Yoruba people.”

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”Kabiyesi, since ascending the throne of your ancestors, your leadership has been instrumental in conflict prevention and resolution, community development, and representing the interests and concerns of Nigerians, both at home and abroad.

”I look forward to the continued partnership with our esteemed Royal Fathers to propel our nation forward.

”May God bless the Imperial Majesty with long life and good health, and may his reign be a source of unity and prosperity,” the statement reads.

Tinubu Govt Proposes N26 Trillion As 2024 Budget

Meanwhile, the Bola Tinubu-led Federal Government has proposed N26 trillion as the 2024 budget to be submitted to the National Assembly before December 31, 2023.

The Minister of Planning and Budget, Atiku Bagudu, made the budget proposal known at the end of the Federal Executive Council (FEC) meeting held on Monday at the Council Chambers of the Presidential Villa, Abuja.

President Bola Tinubu presided over the FEC meeting, the second of its kind since the cabinet’s inauguration.

Bagudu said the council has approved the 2024-2025 medium-term expenditure framework (MTEF) and fiscal strategy papers (FSP).

He added that the executive is required by the Fiscal Responsibility Act to present to the national assembly ahead of a budget presentation, a document which will provide the medium-term economic outlook for the economy.

The minister said FEC made assumptions about the reference price for crude oil, which is at $73.96 per barrel and an exchange rate of N700.

He said: “Now, it was presented on the background of the commendable measures that have been taken since June to restore macroeconomic stability, particularly the deregulation of petroleum prices, which we maintained that subsidies are gone and indeed the regulation of the foreign exchange market,.

“So Council deliberated, as well as the implication of this and all measures promised in the renewed hope agenda consumer credits, mortgages, reversed or dismissed institution as well as funding the newly aligned institutional changes particularly ministries with specific functions that can generate growth so that would be better for our country.

“The council members acknowledge the medium-term expenditure framework, and it is agreed that we can go ahead to the next step of consultation and presentation to the National Assembly.”