The Federal Government of Nigeria has come out to deny claims that it is running four budgets in a fiscal year.
According to a report by The Nation News, this statement was made in response to a series of tweets by former Anambra Governor, Peter Obi, who alleged that the government was running four budgets concurrently.
Senior Special Assistant to President Tinubu on Media and Publicity, Mr. Temitope Ajayi, took to social media to clarify the situation and set the record straight.
In his post on X, Ajayi stated that these claims were false and that the government is only operating on one budget per fiscal year.
The allegations by Peter Obi had caused quite a stir among Nigerians, with many questioning the integrity and transparency of the government's financial operations.
However, the swift response from the government aimed to reassure the public and quell any doubts about their budgeting processes.
Budgeting is a crucial aspect of governance, as it outlines the financial plan and priorities for the nation.
It is essential for the government to follow a strict and transparent budgeting process to ensure that taxpayer money is properly allocated and spent.
The Federal Government's denial of running four budgets in a year serves as a reminder of the importance of accurate information and responsible reporting.
In a time where misinformation and fake news are rampant, it is crucial for individuals and media outlets to verify their sources and not spread false information.
It is also important for government officials to be transparent in their operations and provide clear explanations to the public when allegations or concerns arise.
Clarity and honesty in communication are essential to maintaining trust and credibility with the citizens.
The Federal Government's denial of running four budgets in a year should put to rest any doubts or suspicions that may have arisen from Peter Obi's tweets.
It is essential for the government to continue to prioritize accountability and transparency in all its financial dealings.
Moving forward, it is crucial for all stakeholders to work together to ensure that the budgeting process is conducted in a fair and transparent manner.
This will help build trust and confidence among the public and ensure that taxpayer money is used efficiently and effectively.
Ajayi wrote: “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.”