Title: How President Tinubu signed the 2024 budget and ensures its effective implementation
Introduction :
In a recent statement, President Tinubu announced the signing of the 2024 budget, moments after returning to Abuja from Lagos. He stressed the importance of rigorous implementation of the budget and assured Nigerians that all necessary measures will be taken to ensure its diligent implementation.
Meticulous monitoring of implementation:
President Tinubu said all institutional mechanisms will be held accountable to ensure effective implementation of the budget. Each government ministry and agency will be required to submit monthly reports on budgetary performance to the Ministry of Budget and Economic Planning. In addition, the Minister of Finance and the Coordinating Minister of the Economy will hold regular meetings with the Economic Management Team to conduct periodic assessments of economic coordination.
The priorities of the 2024 budget:
The 2024 budget, worth N28.7 trillion, focuses on several key areas. Defense and internal security, job creation, macroeconomic stability, improvement of the investment environment, human capital development, poverty reduction and social security are among the main priorities. President Tinubu stressed his commitment to promoting investment while creating a rules-based society that does not favor any individual over the law. To support this commitment, significant reforms will be undertaken in the Nigerian justice system, funded by the 2024 budget.
Financing the judicial system:
President Tinubu stressed the importance of funding the justice system to support a just and rules-based society. The budget allocated for the statutory transfer of judicial power was increased from N165 billion to N342 billion. This investment aims to improve the functioning of the justice system and ensure equitable access to justice for all Nigerians.
Conclusion :
The signing of the 2024 budget by President Tinubu marks a strong commitment to effective implementation and rigorous monitoring. The budget’s priorities reflect the country’s real needs, from security to employment opportunities to human capital development. With increased funding for the justice system, President Tinubu is showing that he is committed to creating a just and equitable society for all Nigerians. It now remains to closely monitor the implementation of the budget and its results to assess its real effectiveness.