Overview

The document is the 2024 Budget Speech delivered by Nigerian President Bola Tinubu on November 29, 2023, to a joint session of the National Assembly. The speech introduces the 'Budget of Renewed Hope,' focusing on macroeconomic stability, deficit reduction, and increased capital spending. President Tinubu highlights the removal of the fuel subsidy as a key fiscal intervention, the presentation of supplementary budgets, and the prioritization of national security, infrastructure, and support for vulnerable households. Despite global economic challenges, he notes Nigeria's resilient growth and aims to curb inflation through coordinated fiscal and monetary policies. The budget aims to complete critical infrastructure projects to lower business costs and living expenses.

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