How N27.5trn budget will ignite Nigeria’s economy – Ex-lawmaker

A former Member of the House of Representatives, Robinson Edet Uwak, has expressed optimism that the 27.5 trillion 2024 Appropriation Bill presented by President Bola Tinubu to the National Assembly will catalyse Nigeria’s economy.

In a statement on Sunday, Uwak said the focus of the budget, christened: “A Budget of Renewed Hope”, on security, economy, education, and poverty alleviation, was encouraging for observers.

This, Uwak said, would impact positively the lives of the citizens of Nigeria and kick-start the economy by creating activities that would generate jobs for Nigerians.

Explaining further, Uwak said with expenditure on security and defence, more farmers would be able to return to their farms to produce food, while human capital expenditure would continue to strengthen other areas of national development.

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While expressing optimism that more activities in infrastructure and economy would be witnessed soon, he commended the National Assembly for their quick attention to the budget.

He said, “We believe that the effective implementation of the budget will ensure value for money and measurable growth and overall well-being of Nigerians.

“After the budget presentation, we saw the expeditious action by the National Assembly to pass it through the second reading, thus providing hope of an early passage and implementation.”