President Bola Tinubu has said that the 28.7 trillion-naira 2024 Appropriation Bill will not disappoint Nigerians but assured that its implementation will meet their expectations and aspirations.

The President gave the assurance as he signed the document earlier approved by the National Assembly into law at the Presidential Villa, hours after he arrived in Abuja from Lagos, where he spent the past week holidaying.

The budget is 1.2 trillion naira higher than he proposed to a joint session of the National Assembly on November 29, 2023.

The president had pegged the budget deficit for the 2024 fiscal year at 9.18 trillion naira.

He also emphasised the need to maintain the January-December implementation cycle, saying his administration’s goal is to ensure that the Appropriation Act comes into effect on January 1, 2024.

On Friday, December 29, 2023, the Senate increased the 2024 budget by 1.2 trillion naira, moving the budget from 27.5 trillion naira to 28.7 trillion naira.