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[FULL TEXT] Tinubu’s 2024 Budget Speech

Published

2 years ago

November 29, 2023

President Bola Tinubu, on Wednesday, presented the N27.5 trillion 2024 budget proposal to a joint session of the 10th National Assembly in Abuja — his first since assuming office exactly six months ago.⁣

Read the full speech below:

1. In furtherance of my sacred duties and obligations as President of the Federal Republic of Nigeria, it is my honour to be here today to present my administration’s 2024 Budget Proposal to this Joint Session of the 10th National Assembly. This moment is especially profound and significant to me because it is my first annual budgetary presentation to the National Assembly.

2. Distinguished Senators and Honourable Members of the National Assembly, I commend your swift consideration and passage of the 2023 Supplementary Appropriation Bills and the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper. Your prompt action underscores your devotion to economic development and to the greater welfare of our people. It also highlights your desire to work in close collaboration with the Executive branch. We do not serve ourselves. We must always strive to work together to serve and benefit the people of our beloved country.

3. I am confident that the National Assembly will continue to work closely with us to ensure that deliberations on the 2024 Budget are thorough but also concluded with reasonable dispatch. Our goal is for the Appropriation Act to come into effect on the 1st of January 2024.

4. It is, by now, a matter of recorded history that my very first fiscal intervention as President of this great nation was to end the fuel subsidy regime which had proven to be so harmful to the overall health of our national economy. The second was to negotiate and subsequently present a supplementary budget to enable my government to fund the items needed to restore macro-economic stability and mitigate the harsh impact of subsidy removal.

5. The third was to secure a second supplementary budget, this time to enable us to keep our promises to promote national security, invest in infrastructure and provide much-needed support to the most vulnerable households in our society.

6. In swearing in my cabinet and reflecting on the unique challenges facing us, I invited the Ministers to imagine that we are attempting to draw water from a dry well. Today, I stand before you to present 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. The budget we now present constitutes the foundation upon which we shall erect the future of this great nation.

PREVAILING ECONOMIC ENVIRONMENT

7. Economic conditions remain challenging both abroad and at home. Despite lingering post-COVID supply and production bottlenecks, armed conflict in various parts of the world and restrictive monetary policies in major economies, we expect global growth to hover around 3.0 percent in 2024. This relatively low rate has significant implications for our economy due to our current reliance on importation.

8. Distinguished Senators, Honourable Members: despite the global headwinds, the Nigerian economy has proven resilient, maintaining modest but positive growth over the past twelve months.

9. Inflation has trended upward due to weak global conditions. To contain the rising domestic prices, we will ensure effective coordination of fiscal and monetary policy measures, and collaborate with sub-national governments to address structural factors driving inflation in Nigeria.

10. The Budget proposal meets our goal of completing critical infrastructure projects which will help address structural problems in the economy by lowering the costs of doing business for companies and the cost of living for the average person, The Honourable Minister of Budget and Economic Planning will provide full details of this proposal.

PERFORMANCE OF THE 2023 BUDGET

11. Distinguished Senators and Honourable Members, an aggregate revenue of 11.045 trillion naira was projected to fund the 2023 Budget of 24.82 trillion naira with a deficit of about 6.1 percent of GDP.

12. As of September 30, the Federal Government’s actual aggregate revenue inflow was 8.65 trillion naira, approximately 96 percent of the targeted 8.28 trillion naira.

13. Despite the challenges, we continue to meet our obligations.

THEME AND PRIORITIES OF THE 2024 BUDGET

14. Distinguished Senators, Honourable Members, permit me to highlight key issues relating to the budget proposals for the next fiscal year. The 2024 Appropriation has been themed the Budget of Renewed Hope. The proposed Budget seeks to achieve job-rich economic growth, macro-economic stability, a better investment environment, enhanced human capital development, as well as poverty reduction and greater access to social security.

15. Defence and internal security are accorded top priority. The internal security architecture will be overhauled to enhance law enforcement capabilities and safeguard lives, property and investments across the country.

16. Human capital is the most critical resource for national development. Accordingly, the budget prioritizes human development with particular attention to children, the foundation of our nation.

17. To improve the effectiveness of our budget performance, the government will focus on ensuring value for money, greater transparency and accountability. In this regard, we will work more closely with development partners and the private sector.

18. To address long-standing issues in the education sector, a more sustainable model of funding tertiary education will be implemented, including the Student Loan Scheme scheduled to become operational by January 2024.

19. A stable macro-economic environment is important to catalyse private investment and accelerate economic growth. We have and shall continue to implement business and investment-friendly measures for sustainable growth.

20. We expect the economy to grow by a minimum of 3.76 percent, above the forecasted world average. Inflation is expected to moderate to 21.4 percent in 2024.

21. In preparing the 2024 Budget, our primary objective has been to sustain our robust foundation for sustainable economic development. A critical focus of this budget and the medium-term expenditure framework is Nigeria’s commitment to a greener future.

22. Emphasizing public-private partnerships, we have strategically made provisions to leverage private capital for big-ticket infrastructure projects in energy, transportation and other sectors. This marks a critical step towards diversifying our energy mix, enhancing efficiency, and fostering the development of renewable energy sources. By allocating resources to support innovative and environmentally conscious initiatives, we aim to

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UNICEF Advocates Six Months Maternity Leave From Working Mothers In Bauchi

Published

4 hours ago

August 4, 2025

Editor

The United Nations Children’s Fund (UNICEF) has called on the Bauchi state government to initiate a six months paid maternity leave to working mothers in the state.

Dr Nuzhat Rafique, UNICEF’s Bauchi Chief of Field Office, stated this in a news conference in Bauchi on Tuesday to market the 2025 breastfeeding week.

According to her, the six months maternity leave would help the mothers to initiate the six months exclusive breastfeeding for their children and help in improving their health status in general.

“We really need the state government, the health system to play their roles to support the mothers.

“If the state government has a policy for six months paid maternity leave, that would play a huge role in the better nutritional status of children and initiation of exclusive six months breastfeeding for the mothers.

“Staying with the child automatically ensures better care and hygiene of the child, making them free from diarrhea which is one of the major causes of malnutrition,” she said.

Rafique added that unless women were fully supported, it would be difficult for them to do the right things like initiate breastfeeding on time, continue exclusive breastfeeding for six months, and initiate complementary breastfeeding till 24 months.

She, however, called on the state government to also come up with breastfeeding corners for working mothers to feed their children after resumption from the six months maternity leave.

Rafique said that if mothers didn’t have a good private place to feed their children, it would be difficult for them to continue feeding by working, performing and contributing towards the state’s progress and the country at large.

“These are the foundation for having a healthy, intelligent, productive next generation.

“There is a formula we need to promote which is one, six and 24.

“One means that the first hour of the baby must be initiated with breastfeeding, six means that a child must be exclusively breastfed for a good six months and then the initiation of complementary feeding along with the continuation of breastfeeding till 24 months,” she explained.

Earlier speaking, Mrs Philomena Irene, UNICEF’s Nutrition Specialist in Bauchi, revealed that over 15 states have extended paid maternity leave to working mothers across the country like Kebbi, Borno, Kaduna, Plateau among others.

“We want the media to help us amplify the benefits of breast milk, the benefits of breastfeeding both to the mother, the child and even the society at large,” she said.

On his part, Mr Abubakar Sale, the Bauchi state Nutrition Officer, appreciated UNICEF for supporting the state in terms of improving the healthy living of pregnant women and children, not only on nutrition but other aspects of health.

“The government is trying its best to see to the improvement in especially exclusive breastfeeding and other nutrition indicators in the state.

“We are doing our part together with other partners and media practitioners are very important to amplify or inform the members of the society the importance of exclusive breastfeeding so that in our next survey, we will be able to improve,” he said.

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Tinubu Gives D’Tigress $100,000 Each, Flats, National Honour

Published

6 hours ago

August 4, 2025

Editor

President Bola Tinubu has honoured Nigeria’s national women’s basketball team, D’Tigress, with a reward package that includes $100,000 for each player, $50,000 for every member of the 11-man coaching and technical crew.

Tinubu also rewarded all team members and staff with a three-bedroom flat at the Renewed Hope Estate.

In addition, the President conferred on the players and their technical crew the prestigious national honour of Officer of the Order of the Niger.

This was announced by Vice President Kashim Shettima at the presidential reception in their honour at the State House Banquet hall, Abuja.

The triumphant D’Tigress alongside their officials, were warmly welcomed by First Lady Oluremi Tinubu, supported by the wife of the Vice President, Nana Shettima, at the New Banquet Hall in the Presidential Villa at 5:05 pm.

On behalf of President Bola Tinubu, Shettima received the team in recognition of their outstanding achievement.

Also in attendance at the reception were Chief of Staff to the President, Femi Gbajabiamila; Chairman of the Senate Committee on Youths and Sports Development, Garba Maidoki; and Chairman of the House Committee on Sports, Kabiru Amadou.

The D’Tigress arrived after clinching their historic fifth consecutive AfroBasket title, outplaying Mali 78–64 in the final held at the Palais des Sports de Treichville in Abidjan, Côte d’Ivoire.

This win marks their seventh overall championship, reinforcing their supremacy in African women’s basketball.

The ceremony at the Presidential Villa mirrors a similar reception President Tinubu hosted a week earlier for the national female football team, the Super Falcons, who recently secured their tenth WAFCON title in Rabat, Morocco.

Tinubu’s remarks, delivered by Shettima at the reception noted, “Beyond being ambassadors of our nation and symbols of excellence, you have reminded us all of the power of sports to unite a diverse nation. Your victory is a testament to what we can achieve when we work together. You have brought home not just a trophy, but valuable lessons for all Nigerians.

“It is a great honour, on behalf of President Bola Ahmed Tinubu GCFR, to welcome our formidable D’Tigress to the State House. Once again, you are continental champions and now the top African team to qualify for the 2026 FIBA Women’s World Cup pre-qualifying tournament. You conquered Africa with a score of 78 to 64—showcasing not just tactical skill, but remarkable determination and resilience. The entire nation stands behind you with pride and support.

“My dear daughters, you faced challenges bravely, especially in the final quarter, responding not with panic but with poise. When you wore the green and white, it was more than just a uniform—you wore it with purpose, and now you wear the crown of African basketball for the fifth consecutive time.”

The President hailed Rena Wakama’s strength and inspiring young girls in the country.

“Coach Rena Wakama, you embody the evolution of leadership in Nigerian sports. Your quiet strength and remarkable achievements have shattered ceilings and inspired countless young girls across Nigeria. You truly deserve your accolades as the best coach in Africa and beyond.

“To Amy Okonkwo, the tournament’s Most Valuable Player, and Ezinne Kalu, the top scorer in the final, your brilliance lifted the whole team, but most importantly, you played for Nigeria and made us all proud.

“Let us reflect on one profound truth: Nigerian women have never failed the nation in sports. From the Super Falcons on the world stage, to record-breakers on the track, and now a basketball dynasty, our women have consistently been a source of pride and have proven that where preparation meets opportunity, Nigerian excellence prevails.”

Tinubu said the administration is prioritizing sports as a crucial driver of national development and economic growth, viewing it as more than entertainment but also infrastructure, education, diplomacy, and a tool for youth employment and transformation.

He also recognised the National Sports Commission, led by Mallam Alabi, for its efforts in athlete welfare, institutional reform, grassroots support, and performance-driven development, with visible positive results.

“Special appreciation goes to the National Sports Commission, under Mallam Alabi, for renewed focus on athlete welfare, institutional reform, grassroots support, and performance-based development. The results are evident, and we are proud of you. The Nigerian Basketball Federation, led by Malam Ahmadu Musa Kida, also deserves recognition for consistent team development and dedication to Nigeria’s sporting glory.

“Our government will ensure that D’Tigress, their technical team, and sports leadership in Nigeria are appropriately recognized and rewarded. You have made us proud, and we will stand by you as you prepare for the global stage.

“To all Nigerian youth, let the story of D’Tigress inspire you. Greatness stems from hard work, discipline, and belief. Nigeria belongs to those who dare to dream and are willing to give their all to realize those dreams.

“D’Tigress: you are champions, role models, pathfinders, and true daughters of this land. It is my honor and privilege, on behalf of President Tinubu, to announce national honors for the team, coach, and technical staff; $100,000 for each player; $50,000 for the coach and technical team; and more rewards to come.

“This is true leadership—recognizing and rewarding those who have excelled for our nation. May God bless you all, may God bless Nigerian sports, and may God bless the Federal Republic of Nigeria,” he concluded.

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Step-by-step Guide For Checking 2025 WASSCE Results

Published

6 hours ago

August 4, 2025

Editor

Following the release of the 2025 West African Senior School Certificate Examination results on Monday, the West African Examinations Council has provided a step-by-step guide to help candidates access their results online.

To check your results, candidates are required to visit the official result portal at http://waecdirect.org and follow the instructions carefully.

Here is the step-by-step guide for checking 2025 WASSCE results.

Enter your 10-digit WAEC Examination Number.
(This is your 7-Digit centre number followed by your 3-digit candidate number eg. 4123456789).
For examination year < 1999, enter your 8-digit WAEC Examination Number.
(This is your 5-Digit centre number followed by your 3-digit candidate number eg. 19865001)
Enter the 4 digits of your Examination Year eg. 2002
Select the Type of Examination
Enter the e-PIN Voucher Number
Enter the Personal Identification Number (PIN) on your e-PIN
Click Submit and wait for the results window to come up