FG proposes N26.01trn for FY2024

THE federal government has propose THE sum of N26.01 thousand billion For THE 2024 appropriation base on THE oil price reference of $73.96 And 21 by hundred interest rate.

Minister of Budget And Economic Planning, Atiku Bagudu, disclosed This has State Home Correspondents has THE END of THE Federal Executive Advice (FEC) meeting on Monday In Abuja.

He said THE budget would be be present has THE National Assembly Before THE END of THE year Since President Bolas Tinubu was Already engaging with THE legislative arm towards get their membership

He said THE budget was expected has consolidate THE miscellaneous economic reforms initiated by THE here administration aiming has improvement THE standard of life of Nigerians And attract investors.

M Bagudu said that THE assumption of THE budget was base on THE miscellaneous diplomatic commitments by THE president And other government civil servants that were expected has improve influx And booster THE exchange rate.

Dave Umahi, minister of works, Also disclosed that FEC approved THE to use of concrete For road projects through THE country including those of new those, depending on, depending on THE level of completion.

He said, ''FEC was Also informed on THE in progress projects And has mitigate SO a lot inflation And variation of THE projects, has to have a few of THE projects that to have reached completion has be redesigned on concrete And going Before For new projects has be do on concrete.

''FEC approved that concept that most of THE in progress projects should be designed on concrete sidewalks depending on, depending on THE level of completion And if You are TO DO Asphalt there are Also terms For that.

''FEC Also approved THE coastal road running Since Phase 1 which short Since Lagos has Port Harcourt has Calabar. Phase 2 short Since S4 tear disabled Since This stretchable has Sokoto And has Ogoja.

"He was approved has be do on Engineering, Supply And Construction more Financing.

''Eight roads that were begin In THE pass administration For concession that to have disappeared through all THE process were Also approved And that THE financial closing should be reached November.''

M Umahi Also said that A 24 hours approval would be be given has any of them State interested In socket on road projects In their domain, while particular terms must be encounter For THE agreement has take effect.

He said THE project by THE States must conform has THE standard of THE Federal Ministry of Works as GOOD as meet THE TOLL system through which they would be to recover their investment.

THE minister Also disclosed that FEC approved THE NNPC And FIRST road projects, which they oversee And funds through THE country.

(NAN)

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