Tinubu urged to adopt strategies to deliver on capital component of 2024 budget

Present Bola Ahmed Tinubu has been urged to adopt strategies needed to deliver on the capital component of the budget for the 2024 fiscal year.

Addressing newsmen in Abuja, Chairman of the Independent Media and Policy Initiative (IMPI), Niyi Akinsuju, said Tinubu should not allow any form of indiscipline, or corruption to mar the implementation of the budget.

Akinsuju said it was necessary not to allow saboteurs to frustrate the implementation of the capital component of the budget.

He said, “As we earnestly await the commencement of the implementation of the capital component of the 2024 fiscal budget slated for the second quarter of the year, the milestone achieved in the configuration of the budget strikes a chord in our evaluation of national development in the first quarter of this year, being the first time in 24 years, that the capital expenditure of the national budget will exceed the ever-increasing recurrent component.

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“Accordingly, we urge His Excellency, President Bola Ahmed Tinubu, GCFR, to further tighten the hangman’s noose on all tendencies of indiscipline, corruption and internal sabotage in government, so that the capital component of the 2024 fiscal budget would be successfully implemented without encumbrances.

“This higher ratio of capital budget to recurrent budget is the precursor to the projected huge infrastructure spending conceptualized in the Renewed Hope Infrastructure Development Fund (RHIDF) and the strategic, all-inclusive Presidential Economic Coordinating Council (PECC).

“On security, we commend the President and the security services for the successful rescue of 137 school children that were abducted on the 7th of March in the Chikun Local Government Area of Kaduna State.

“We also call for more actions to rescue all other school children who may have been forcefully abducted by terrorists, bandits, and kidnappers in the country.

“We, however, admonish state governments on their part to refrain from acts that are capable of jeopardizing the ongoing efforts by President Tinubu to secure the nation.”