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Why 2024 Budget Is Too Small – Budget Office
Why 2024 Budget Is Too Small – Budget Office
Ben Akabueze, the Director-General of the Budget Office of the Federation, has expressed that the N27.5 trillion 2024 budget estimates currently awaiting approval in the National Assembly are deemed “way too small” to adequately address Nigeria’s needs.
Read Also Edun Reveals Only Solution To Nigeria’s Huge Debt Crisis
However, he acknowledged that the government must adhere to financial constraints and make do with the available resources.
“I’m always first to acknowledge that the budget of the Federal Government of Nigeria is way too small relative to our needs and our requirements but it is now a case of cutting out coat according to our cloth rather than our size,” Akabueze said on Channels Television’s Politics Today programme on Wednesday.
“The reason this budget is this small is because our public revenues are also too small. We also need to keep the focus on that.”
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