2024 budget performance now 80% – Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Wednesday said the performance of the extended 2024 budget has reached about 80 per cent. He said this while speaking to journalists after a closed-door session with members of the House of Representatives Committee on Appropriation, chaired by Hon. Abubakar Bichi (APC, […]

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Wednesday said the performance of the extended 2024 budget has reached about 80 per cent.

He said this while speaking to journalists after a closed-door session with members of the House of Representatives Committee on Appropriation, chaired by Hon. Abubakar Bichi (APC, Kano).

Edun attended the interactive session alongside the Minister of Budget and Economic Planning, Atiku Bagudu, the Director-General of the Budget Office, Tanimu Yakubu, and the Accountant-General of the Federation, Shamsedeen Ogunjimi.

The minister said the 2024 budget, which was extended to December 2025 by the National Assembly, is still being implemented, with projects still ongoing at various stages.

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He said, “As is customary, we reviewed the budget performance, looked at 2024, basically, overall it’s around 80 per cent. And as you know, the budget for 2024 was extended by the National Assembly till December, so it is still running, it is still a work in progress.

“And likewise, we looked at what is happening in 2025, and we put our heads together to ensure that, particularly, the projects that touch the grassroots, that provide support, resources, and facilities, like irrigation and other infrastructure projects at the grassroots level, are focused on and are given adequate attention and priority.”

Addressing journalists after the closed-door session, the chairman of the committee, Bichi, said Nigerians were increasingly worried about the level of budget execution. 

He explained that the engagement was part of the National Assembly’s constitutional mandate to monitor budget performance and ensure effective service delivery.