Yesterday, President Bola Ahmed Tinubu told any of his aides who will be a cog in the wheel of the implementation of this year’s Appropriation Act to either shape up or ship out.
After signing the N28.78 trillion 2024 Appropriation Bill, Tinubu warned ministers and heads of agencies that those who would not aid effective implementation of the budget would be eased out.
Capital expenditure got N10 trillion out of the N28.27 Budget.
Recurrent expenditure was N8.8 trillion; debt service, N8.2 trillion and statutory transfers, N1.7 trillion.
The President, who was in Lagos to celebrate Christmas and New Year, assented to the bill at the State House, shortly after returning to Abuja yesterday, a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, said.
Speaking at the signing of the bill, the President assured Nigerians that the implementation of the budget would be efficiently pursued and vigorously monitored.
The statement reads: “A budget is only as good as its implementation. We will implement this. I want to assure Nigerians that all the MDAs and our teams have been warned, that’s why we even take our time to separate Economic Planning from Finance.
“MDAs must have regular reports of the budgetary performance in the areas that we put in place to help ordinary Nigerians. The goal is to promote efficiency, dedication, and accountability. If you cannot do that, you may have to leave us to do the job on your behalf.
“All MDA’s have been directed to take responsibility and provide monthly Budget Performance Reports to the Ministry of Budget and Economic Planning, which in turn shall ensure the veracity of such.
“The Minister of Finance and Coordinating Minister of the Economy shall hold regular reviews with the Economic Management Team and, in addition, I shall chair periodic Economic Coordination Council meetings.”
