FG denies running four budgets in a year Tinubu

Claims that the federal government runs four budgets in a fiscal year have been refuted.

Mr. Temitope Ajayi, the Senior Special Assistant to President Tinubu on Media and Publicity, made this statement in a post on X.

The media assistant addressed a series of tweets from former Anambra governor Peter Obi, who claimed that the government was managing four budgets at once.

Ajayi wrote: “Yesterday, @BudgITng raised a false alarm on the basis of rumours that FG is planning a 2024 supplementary budget. It is important to state that the FG is not planning to run 4 budgets within a fiscal year as being alleged.

“The National Assembly only approved that implementation of the capital components of 2023 budget and 2023 supplementary should be extended to December 2024 to achieve its objectives.

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“Our country can’t achieve sustainable development when Federal, States and Local governments focus on only consumptive expenditures which is essentially what recurrent expenditures represent.

“It is the capital expenditures that drive economic growth, strengthen private sector output and create employment opportunities for citizens.

“As a reputable civic organisation, Budgit can not afford to be flippant and be unduly sensational. Expectedly, @PeterObi has jumped on the false claims to push his new round of misinformation.”