SUNDAY 7TH JANUARY 2024

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2024 Budget: Amid Growing Concerns, FG, States to Spend N17.04tn on Recurrent Expenditure James Emejo in Abuja Despite concerns over the increasing recurrent expenditure by states, particularly given their

low level of productivity and contribution to Gross Domestic Product (GDP), the federal and state governments have earmarked a total of about

N17.04 trillion for recurrent expenditure in 2024. While the sum of N8.27 trillion is earmarked for salaries, subsidy transfers, and other

non-capital spending by the federal government, recurrent expenditure by the states will gulp N8.77 trillion. THISDAY gathered that of the

combined N44.93 trillion 2024 annual budget of both tiers of governments, the sum of N17.38 trillion is set aside for capital projects.

Data collected by the Analysts Data Services and Resources indicated that the states have Continued on page 5

Nigeria Bolsters OPEC’s December Crude Oil Output by 50,000bpd… Page 6 Sunday, January 7, 2024 Vol 28. No 10497

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Rivers Crisis: We will Know Who is in Charge When Time Comes, Says Wike… Page 12

A New Twist as AGF Faults Betta Edu’s Request, Says N585m Payment Not Honoured Criticises bulk payment to an individual’s account N585m fraud allegation against me baseless, Edu insists

Ejiofor Alike in Lagos and Laleye Dipo in Minna

A new twist has emerged in

the controversy surrounding a memo by the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta

Edu, requesting the Accountant General of the Federation (AGF) to pay N585,198,500.00 for the implementation of grants to

vulnerable groups in Akwa Ibom, Cross River, Ogun, and Lagos states, as the AGF, Dr. Oluwatoyin Madein, yesterday faulted the

minister’s request to her office. While denying honouring the request, the AGF clarified that her office does not make payments

for projects and programmes on behalf of Ministries, Departments Continued on page 5

Dangote Group Explains Visit by EFCC, Says No Accusations of Wrongdoing Insists commission made similar requests to 51 other companies Pledges to provide EFCC with all necessary information and cooperation Ejiofor Alike Dangote Group yesterday reacted to the widely reported visit of the officials of the Economic and Financial Crimes Commission (EFCC) to its headquarters in Lagos on January 4, 2024, following the concern and interest the visit has generated among the company’s partners, stakeholders, and the public. In a statement issued last night, the company disclosed that on December 6, 2023, it received a letter from the commission, requesting the details of all the foreign exchange allocated to it by the Central Bank of Nigeria (CBN) from 2014 to 2023. While stating that similar letters were also sent to 51 other companies requesting for same information, the Dangote Group said it responded to the EFCC, acknowledging the receipt Continued on page 5

CELEBRATING NEWEST COUPLE… L-R: First Lady, Senator Oluremi Tinubu; President of the Senate, Senator Godswill Akpabio; and a former First Lady, Hajia Mariam Abacha, during a special dinner to celebrate the wedding Fatiha of Alhaji Mustapha Sani Abacha at the International Conference Centre, Abuja…weekend


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SUNDAY 7TH JANUARY 2024 by THISDAY Newspapers Ltd - Issuu