Ajayi wrote “Yesterday, @BudgITng raised a false alarm on the basis of rumours that FG is planning a 2024 supplementary budget.
By Musa Ibrahim
The Presidency on Saturday refuted claims that it will implement four budgets in the 2024 fiscal year.
This response followed comments from the President’s Senior Special Assistant on Media and Publicity, Mr. Temitope Ajayi, addressing a series of tweets by former Anambra State Governor, Peter Obi, who accused the Tinubu administration of managing four budgets simultaneously.
Ajayi wrote “Yesterday, @BudgITng raised a false alarm on the basis of rumours that FG is planning a 2024 supplementary budget.
“It is important to state that the FG is not planning to run 4 budgets within a fiscal year as being alleged.
“The National Assembly only approved that implementation of the capital components of 2023 budget and 2023 supplementary should be extended to December 2024 to achieve its objectives.”
Ajayi stated that Nigeria cannot attain sustainable development if the Federal, State, and Local governments concentrate solely on consumptive expenditures, which are primarily represented by recurrent expenditures.
“It is the capital expenditures that drive economic growth, strengthen private sector output and create employment opportunities for citizens,” he added.
He cautioned the civic organisation, Budgit, to be wary of flippancy and the propensity to be unduly sensational.
“Expectedly, @PeterObi has jumped on the false claims to push his new round of misinformation,” he said.
Earlier, the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, stated that the 2023 and 2024 budgets would be implemented concurrently.
His remarks came after the National Assembly decided to extend the 2023 budget period from June 2024 to December 2024.
Previously, it had been extended from December 2023 to March 2024.
“They are some elements of that (2023) budget that were not implemented. That is why they are moving it forward to be implemented,” explained Onanuga.
He added, “They have already gotten the provisions meant for them. So they are trying to make sure they implement them based on the provision of that budget.
“It means the 2023 and 2024 budget will run concurrently.”
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