• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Monday, August 11, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

N8 Trillion Debt Servicing In 2024 Budget – President Tinubu

Tambaya Julius by Tambaya Julius
November 30, 2023
in News
0
N8 Trillion Debt Servicing In 2024 Budget – President Tinubu
0
SHARES
12
VIEWS
FacebookTwitterWhatsappEmailTelegram

In a groundbreaking move, President Bola Tinubu revealed the intricacies of Nigeria’s 2024 budget during a joint session of the national assembly, emphasizing a bold commitment to fiscal responsibility and sustainable economic development.

President Tinubu highlighted the budget’s pivotal role in cementing macroeconomic stability, aiming to catalyze private investment and propel economic growth.

RelatedPosts

Senator Sunday Marshall Katung Empowers About 500 Youth, Women Entrepreneurs in Southern Kaduna

JUST IN: Passenger Who Assaulted Ibom Air Staff Detained at Kirikiri

Terrorist Commander Killed, Weapons Seized, Says Nigerian Army

Emphasizing the implementation of business-friendly measures, he projects a minimum 3.76 percent economic growth, surpassing the global average.

A significant revelation in the budget is the allocation of N8.25 trillion for debt servicing, comprising 45 percent of the expected total revenue.

Despite this substantial commitment, the president assures the nation’s steadfast dedication to meeting its debt obligations.

Tinubu outlined key parameters, including a conservative oil price benchmark of $96 per barrel and a daily oil production estimate of 1.78 million barrels.

With a Naira to US Dollar exchange rate set at 750, these strategic decisions align with a careful review of global oil market trends and domestic conditions.

The proposed aggregate expenditure for the Federal Government in 2024 stands at 5 trillion naira.

Non-debt recurrent expenditure takes the lead at 9.92 trillion naira, while debt service and capital expenditure are projected at 8.25 trillion naira and 8.7 trillion naira, respectively.

This balanced approach reflects the administration’s commitment to sustainable economic development.

Tinubu underscored the budget’s critical focus on Nigeria’s commitment to a greener future.

ALSO READ:  Man City Stun Bayern To Reach UCL Semifinals

The president’s emphasis on sustainability aligns with global efforts, positioning Nigeria as a proactive player in environmental conservation and responsible economic growth.

Tags: Debt ServicingFiscal ResponsibilitySustainable Development
Tambaya Julius

Tambaya Julius

Julius is a journalist, a BSc Holder in Mass Communication.

Related Posts

Hardship: Sen. Katung unveils N100m intervention fund for indigent constituents

Senator Sunday Marshall Katung Empowers About 500 Youth, Women Entrepreneurs in Southern Kaduna

by Nathaniel Irobi
August 11, 2025
0

No fewer than 500 youth and women engaged in entrepreneurship across the eight local government areas of Kaduna South Senatorial...

JUST IN: Passenger Who Assaulted Ibom Air Staff Detained at Kirikiri

JUST IN: Passenger Who Assaulted Ibom Air Staff Detained at Kirikiri

by Nathaniel Irobi
August 11, 2025
0

Comfort Emmanson, the passenger accused of assaulting airline officials aboard an Ibom Air flight from Uyo to Lagos, has been...

Terrorist Commander Killed, Weapons Seized, Says Nigerian Army

Terrorist Commander Killed, Weapons Seized, Says Nigerian Army

by Nathaniel Irobi
August 11, 2025
0

The Nigerian Army says it has recorded major operational successes in recent operations, killing a notorious terrorist commander, identified as...

Recommended

Kaduna Hails SKAID Foundation For Empowering Youth With Vocational Skills

2 days ago
Chazaqe Launches Platform To Boost Tourism, Farming, Energy

Chazaqe Launches Platform To Boost Tourism, Farming, Energy

3 days ago

Popular News

  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Cross River State Triumphs at Prestigious All-women Interstate Debate

    0 shares
    Share 0 Tweet 0
  • BRGIE Acting Prime Minister Provides Explosive Testimony to U.S. Congress Calling For Release of Mazi Nnamdi Kanu & Simon Ekpa

    0 shares
    Share 0 Tweet 0
  • Haske: The Rise Of A New Movement

    0 shares
    Share 0 Tweet 0
  • Rahila Bags Presidential’s NYSC Honours Award For Community Service

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (758)
  • Education (222)
  • Entertainment (314)
  • Health (199)
  • National (2,288)
  • News (8,485)
  • Opinion (312)
  • Politics (1,675)
  • Science (15)
  • Security (406)
  • Sports (460)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform