Tinubu to Present 2024 Budget, Departs for Dubai Today

President Bola Ahmed Tinubu is set to present the 2024 appropriation bill before a joint session of the National Assembly. Following the approval of the N26 trillion budget by the Federal Executive Council (FEC), the President is scheduled to submit the budget and deliver a ceremonial speech to the lawmakers.

Key Points:

1. Budget Presentation:
   • President Tinubu will present the N26 trillion 2024 appropriation bill to the National Assembly.
   • The presentation will take place during a joint session, and the President will address the lawmakers in a ceremonial speech.
2. Departure for Dubai:
   • After presenting the budget, President Tinubu will depart Abuja for Dubai, United Arab Emirates.
3. UNFCCC COP28 Climate Summit:
   • President Tinubu will attend the Conference of the Parties of the UNFCCC (COP28) Climate Summit in Dubai.
   • The World Leaders’ Summit, themed “Unite, Act, and Deliver,” is scheduled for December 1 and 2, 2023.
4. National Statement at the Summit:
   • Tinubu will deliver a national statement at the COP28 summit, expressing Nigeria’s stance on various thematic issues such as renewable energy and climate financing.
5. Advocacy for Support to Developing Nations:
   • Tinubu will advocate for increased financial and technical support for developing nations to address climate change challenges.
   • Developed countries will be reminded of their public pledge to provide $100 billion annually for such support.
6. Focus on Sustainable Practices:
   • The President will emphasize holding businesses and institutions accountable, reflecting Nigeria’s commitment to sustainable and responsible practices.
7. Exploration of Bilateral Partnerships:
   • The Nigerian delegation to COP28 will actively explore the establishment of new and deeper bilateral partnerships.
   • Areas of focus include implementing Nigeria’s Energy Transition, Article 6 Projects, Internationally Transferred Mitigation Outcomes (ITMOs), Technology Transfer, Capacity Building, and Methane Mitigation.

Conclusion: President Tinubu’s day will be marked by the presentation of the 2024 budget to the National Assembly and his departure for Dubai to participate in the COP28 Climate Summit. The summit provides an opportunity for Nigeria to advocate for climate-related issues and explore partnerships for sustainable practices and initiatives.