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2024 Budget: Sales of national assets will bring in N298.4 billion for the FG in 2024.

Sunday

Dec 4, 2023

By selling off some of its assets, the federal government hopes to raise N298.4 billion in revenue by 2024.

A breakdown document of the 2024 appropriations bill has this information.

The item identified as "Financing Item" was visible to Nairametrics in the sectoral allocation details made public by Solomon Adeola, the chairman of the Senate Committee on Appropriations.

The action is thought to be an attempt to lessen the federal government's financial burden while also financing public debts.

The document also stated that the government anticipates a net surplus of N2.8 trillion from government-owned businesses in the fiscal year 2024.President Bola Tinubu presented the N27.5 trillion 2024 budget proposal to the National Assembly last Wednesday.

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