The Nigerian Government has dismissed reports that it plans to run four budgets concurrently in 2024.

The Senior Special Assistant on Media and Publicity, Temitope Ajayi, clarified on Saturday that the government is not planning a 2024 supplementary budget.

He explained that instead, the National Assembly has extended the capital components of the 2023 budget and 2023 supplementary budget to December 2024 to achieve their objectives.

Ajayi criticised the civic organisation BudgIT and former Anambra State Governor Peter Obi for spreading false claims.

Ajayi stressed that focusing on capital expenditures, rather than consumptive ones, is crucial for economic growth and development.

“Yesterday, @BudgITng raised a false alarm on the basis of rumours that FG is planning a 2024 supplementary budget. It is important to state that the FG is not planning to run 4 budgets within a fiscal year as being alleged.

“The National Assembly only approved that implementation of the capital components of 2023 budget and 2023 supplementary should be extended to December 2024 to achieve its objectives.

“Our country can’t achieve sustainable development when Federal, States and Local governments focus on only consumptive expenditures which is essentially what recurrent expenditures represent.

“It is the capital expenditures that drive economic growth, strengthen private sector output and create employment opportunities for citizens.

“As a reputable civic organisation, Budgit can not afford to be flippant and be unduly sensational. Expectedly, @PeterObi has jumped on the false claims to push his new round of misinformation.”