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Nigeria's N27.5 Trillion Budget, COP28 Outcomes, and Political Moves Spotlighted

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Nasiru Eneji Abdulrasheed
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Nigeria's N27.5 Trillion Budget, COP28 Outcomes, and Political Moves Spotlighted

The 2024 Appropriation Bill of N27.5 trillion, currently under the scrutiny of the Senate Committee on Appropriation, has been hailed as aligning with the aspirations of Nigerians. Minister of Information and National Orientation, Mohammed Idris Malagi, has assured that the budget signifies a transformative era for Nigeria, marking a pivotal step towards the realization of President Bola Ahmed Tinubu's Renewed Hope Agenda.

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Under the aegis of the Civil Society Groups for Good Governance, hundreds of Nigerians held a solidarity rally supporting President Bola Tinubu and Senate President, Senator Godswill Akpabio. The coalition lauded the collaboration between the two leaders and urged priority attention for people living with disabilities and other vulnerable populations in Nigeria. The Socio-Economic Rights and Accountability Project (SERAP) has, however, called on the Senate to reject wasteful and unnecessary spending contained in the 2023 supplementary budget and the proposed 2024 budget.

Former Minister Emphasizes Sustainable Competitive Advantages

Nigeria’s former Minister of Finance, Kalu Idika Kalu, highlighted the importance of domestic financial indicators, the production matrix, and government’s role in ensuring an enabling environment for manufacturers. This emphasis underscores the need for policies that create conducive environments for Nigerian manufacturers across all demographic categories.

Kenyan President, Mr. William Ruto, commended President Bola Tinubu for the removal of petrol subsidy, stating that such decisions are crucial for Africa's development. Meanwhile, concerns over the judiciary's handling of electoral matters in Nigeria have been raised, with calls for a review of the Electoral Act to ensure the sanctity of the democratic process.

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