Tinubu’s 2024 budget demonstrates a reduction in borrowing to N 9.18 trillion, compared to the approximately N13 trillion incurred in 2023 – APC Chieftain

Sir Jude Idimogu, the Deputy Apex Leader of Ndigbo in the Lagos APC, has instilled confidence in Nigerians, assuring them that the implementation of the 2024 Budget, spearheaded by President Bola Tinubu, holds no cause for concern.

In an interview with the News Agency of Nigeria (NAN), the former two-term lawmaker, who represented Oshodi-Isolo Constituency II in the Lagos State House of Assembly, expressed optimism about the positive impact of the budget, describing it as a “Renewed Hope Budget.”

Mr Idimogu emphasised that Nigerians should remain hopeful, citing President Tinubu’s financial expertise and his successful transition from a businessman to a seasoned politician.

He believes that with the President at the helm and a capable team, positive changes are on the horizon.

Highlighting Tinubu’s efforts to attract foreign investments, Mr Idimogu urged Nigerians to have faith in the budget’s potential to bring about positive transformations.

He stressed the importance of supporting Tinubu’s initiatives, noting that rebuilding is a challenging process compared to destructive actions.

Addressing concerns about borrowing, Mr Idimogu, also a financial expert, pointed out that Tinubu’s 2024 budget demonstrates a reduction in borrowing to N 9.18 trillion, compared to the approximately N13 trillion incurred in 2023.

He advocated for wise spending of borrowed funds and underscored the need for accountability and transparency in managing the nation’s resources.

Commending Tinubu’s commitment to plugging financial leakages, Mr Idimogu urged the President to prioritize enhancing security to attract investors.

He believes that focusing on accountability and creating a secure environment will contribute to the success of the budget.

President Tinubu presented the N27.5 trillion Appropriation Bill, titled “Budget of Renewed Hope,” to the National Assembly, emphasizing transparency, accountability, and collaboration with development partners and the private sector.

The budget’s benchmarks include a conservative oil price of $77.96 per barrel and an estimated daily oil production of 1.78 million barrels.

Source: Daily Nigerian