Signed 1 January 2024 — the earliest signing since the return to democracy. Original envelope ₦28.78tn; a mid-year supplementary raised the total above ₦35tn. Debt service projected at ₦8.27tn.
Reform Era2024· ₦28.78tn· Chapter I · Money
Appropriation Act, 2024
₦28.78 trillion (later supplementaries pushed total above ₦35tn). Debt service projected above ₦8tn.
Sources
- · Appropriation Act 2024
- · Budget Office of the Federation
What it cost — political & economic reality
The political and economic reality
Nigeria in 2024: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period.
President · Fourth Republic
Sen. Bola Ahmed Tinubu
2023–present· APC
National reality
Fuel subsidy removed at inauguration (29 May 2023); naira floated June 2023. Inflation at multi-decade highs (>30% YoY in 2024). Student loan scheme (NELFUND) launched 2024. WAEC torchlight exam controversy (2025).
Crises of the period
- Cost-of-living crisis 2023–25
- WAEC torchlight examinations (2025)
- JAMB CBT technical failures (2025)
- Naira free-fall 2023–24
GDP (World Bank)
≈ $363 bn (2023, post-float)
Cabinet (selected portfolios)
- Finance
Wale Edun (Coordinating Minister of the Economy)
- Justice (AGF)
Lateef Fagbemi (SAN)
- Education
Tahir Mamman (2023–24); Tunji Alausa (2024– )
Source: Federal Gazette 2023– ; CBN; NBS
Methodology
Tier 1 · primary
Courts. Gazettes. National archives.
Tier 2 · corroborating
OCCRP. HRW. BudgIT. TheCable.
Redline
Wikipedia is never a source.