Overview

The document is the 2024 Budget Speech delivered by President Bola Ahmed Tinubu at the Joint Session of the National Assembly on November 29, 2023. It outlines the administration's budget proposal under the theme 'Budget of Renewed Hope.' Key points include: ending the fuel subsidy regime, presenting supplementary budgets for macroeconomic stability, and prioritizing national security, infrastructure, and support for vulnerable households. The President notes the challenging global economic environment but highlights Nigeria's resilient growth and modest positive performance over the past year. He commits to coordinating fiscal and monetary policies to curb inflation and reduce deficits, emphasizing capital spending and completion of critical infrastructure projects to lower business costs and living expenses. The speech also commends the National Assembly for swift passage of previous fiscal documents and calls for collaboration on the 2024 budget to take effect on January 1, 2024.

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