In the promising year of 2024, the nation’s 36 states, along with the Federal Capital Territory, collectively proposed a substantial budget of N15.91 trillion. President Bola Ahmed Tinubu’s earlier presentation of a N27.50 trillion budget in late November 2023, titled the Budget of Renewed Hope, is currently undergoing scrutiny and deliberation for final approval. Subsequently, each state’s governor presented their budgets to their respective state assemblies. A regional breakdown reveals that the Southwest led with N4.20 trillion, followed by South South: N3.43 trillion, South East: N2.29 trillion, North West: N2.50 trillion, North Central: N1.89tn, and North East: N1.60 trillion. Kogi presented a ₦258.28 billion budget, to be executed by the incoming governor as the current governor, Yahaya Bello, concludes his two terms in office in February 2024.

Source: Punch December 25, 2023 14:16 UTC